News - 19th Apr 2008

Latest HotStats European Chain Hotels Market analysis

Berlin enjoyed the strongest growth in average room rate in February.

Hotels in the Berlin sample showed a 14 per cent increase in achieved average room rate to €164.44 driven by the Berlinale, an 11-day film festival and key networking event in the international film industry calendar.

Paris top for room sales, London top for profit

Chain hotels in Paris showed both the highest room sales growth and the best absolute room sales performance, with RevPAR increasing by 15.3 per cent to €152.78.

Yet, as was the case in January, Paris's profitability continued to be hampered by high payroll costs. Although the French capital resoundingly beat its UK counterpart on rate and RevPAR, the same hotel bedroom in London generated one third more profit than its equivalent in Paris. IBFC stood at €62.05 per available room in Paris compared to €95.13 in London.


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