News - 10th May 2008

HotStats European Chain Hotels Market Review

Early Easter causes occupancy and profit to fall

Occupancy and profit fell in the majority of European hotel city markets surveyed by TRI Hospitality’s monthly HotStats during the first quarter of 2008.


Occupancy was down in six cities and profit fell in eight of the 10 European cities surveyed, but the figures are distorted by the Easter holidays arriving in March this year compared to April in 2007.

“The hotels in our European sample are primarily city centre four and five-star business hotels and although they may attract some leisure demand during the Easter holidays, it tends not to compensate for the losses in rate and volume from the corporate market,” said Jonathan Langston, managing director, TRI Hospitality Consulting.


Downloads

Related Articles
Reader Comments
You will need to login to add your comments

No comments available.

© Copyright Hotel Designs 2007 | Industry News RSS Feed