Tags: Industry data , Trends

TRI HotStats - monthly European hotel figures

Friday 28th July 2006 17:57

Moscow was the most profitable city in which to run a hotel in the six months to June, according to the latest survey of 10 European cities by Tri Hospitality Consulting.

Muscovian hoteliers achieved an income before fixed charges per available room (IBFCpar) of €130.38 in the first half of the year despite turning in the lowest occupancy.

Their winning formula stemmed the combination of the second highest average room rate in the survey and the lowest payroll costs.

Paris hotels enjoyed the highest revenue per available room and the highest room rate but high labour costs relegated them to fourth place in the profitability stakes.

London hotels were the second most profitable, achieving the second highest occupancy levels, the third best room rate, and the third lowest payroll costs.

The World Cup gave German cities the biggest boost to profitability during the month of June.

Income before fixed costs rose by 96.6% in Berlin, by 63.1% in Hamburg and by 22.5% in Munich (despite the city’s 13.9 percentage point drop in occupancy).

Nevertheless, Moscow hotels were more than twice as profitable as those in Berlin in spite of the extra business generated by the football.

The figures are compiled each month by Tri Hospitality Consulting.

* The figures for Payroll% and income before fixed costs per available room (IBFCpar) are for the year to date, not just the featured month

JUNE 2006

Amsterdam	2006	2005	Movement
Occupancy	89.4%	84.8%	+4.6 points
Room rate	€192.81	€158.54	+21.6%
Revpar	€172.30	€134.41	+28.2%
Payroll% *	31.6%	33.7%	-2.1 points
IBFCpar *	€71.41	€61.84	+15.5%

Berlin	2006	2005	Movement
Occupancy	67.6%	66.9%	+0.7 points
Room rate	€223.49	€131.70	+69.7%
Revpar	€151.01	€88.08	+71.4%
Payroll% *	31.7%	35.4%	-3.7 points
IBFCpar *	€50.47	€35.26	+43.1%

Budapest	2006	2005	Movement
Occupancy	77.6%	80.7%	-3.1 points
Room rate	€117.98	€107.15	+10.1%
Revpar	€91.57	€86.47	+5.9%
Payroll% *	27.9%	27.9%	0%
IBFCpar *	€41.82	€39.09	+7%

Hamburg	2006	2005	Movement
Occupancy	68.7%	74.1%	-5.3 points
Room rate	€154.72	€97.30	+59%
Revpar	€106.33	€72.05	+47.69%
Payroll% *	30.5%	34.1%	-3.6 points
IBFCpar *	€45.23	€32.95	+37.3%

London	2006	2005	Movement
Occupancy	86.5%	82.9%	+3.5 points
Room rate	€190.98	€178.57	+6.9%
Revpar	€165.09	€148.08	+11.5%
Payroll% *	27%	28.1%	-1.1 points
IBFCpar *	€91.95	€82.57	+11.4%

Moscow	2006	2005	Movement
Occupancy	79.6%	82.4%	-2.8 points
Room rate	€197.56	€166.79	+18.4%
Revpar	€157.18	€137.42	+14.4%
Payroll% *	20.3%	20.6%	-0.3 points
IBFCpar *	€130.38	€116.74	+11.7%

Munich	2006	2005	Movement
Occupancy	66.4%	80.3%	-13.9 points
Room rate	€154.73	€112.57	+37.5%
Revpar	€102.69	€90.35	+13.7%
Payroll% *	31%	28.9%	+2.1 points
IBFCpar *	€38.20	€37.14	+2.9%

Paris	2006	2005	Movement
Occupancy	83.5%	80.2%	+3.3 points
Room rate	€214.86	€224.81	-4.4%
Revpar	€179.46	€180.38	-0.5%
Payroll% *	40%	42.2%	-2.2 points
IBFCpar *	€69.44	€63.87	+8.7%

Prague	2006	2005	Movement
Occupancy	84.2%	80.1%	+4.1 points
Room rate	€156.44	€149.75	+4.5%
Revpar	€131.70	€119.99	+9.8%
Payroll% *	22%	19.9%	+2.1 points
IBFCpar *	€67.05	€69.35	-3.3%

Vienna	2006	2005	Movement
Occupancy	84.3%	82.8%	+1.6 points
Room rate	€163.34	€162.06	+0.8%
Revpar	€137.77	€134.13	+2.7%
Payroll% *	42.8%	43.4%	-0.6 points
IBFCpar *	€43.06	€41.32	+4.2%

Click here to view the figures for May 2006
Click here to view the figures for April 2006
Click here to view the figures for March 2006
Click here to view the figures for February 2006
Click here to view the figures for January 2006
Click here to view the figures for December 2005
Click here to view the figures for November 2005

Definition of terms

Occupancy is that proportion of the bedrooms available during the period which are occupied during the period.
Room rate is the total bedroom revenue for the period divided by the total bedrooms occupied during the period.
Revpar is the total bedroom revenue for the period divided by the total available rooms during the period
Payroll% is the payroll for all hotels in the sample as a percentage of total revenue
IBFCpar is the Income Before Fixed Charges shown per available room

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