European Hotel Performance Improves

29th November 2010 (Last Updated November 29th, 2010 18:30)

Europe's hotel industry posted positive results for October 2010 with a 10% increase in revenue per available room (revPAR) compared with the corresponding month last year. In terms of occupancy, Germany recorded 71.4%, Italy 68.7%, Russia 57.9%, Spain 67.2% and the

Europe’s hotel industry posted positive results for October 2010 with a 10% increase in revenue per available room (revPAR) compared with the corresponding month last year.

In terms of occupancy, Germany recorded 71.4%, Italy 68.7%, Russia 57.9%, Spain 67.2% and the UK 76.7% last month.

In terms of revPAR, Germany, Italy, Russia, Spain and the UK grew by 18.3%, 12.9%, 2.8%, 9.2% and 9.4%, respectively.

RevPAR in Gothenburg increased by 49%, Dusseldorf by 42%, Amsterdam by 38.6%, Tel Aviv by 37.6% and Barcelona by 31.4%, according to the data by STR Global.

Prague, Czech Republic, recorded the highest occupancy growth rising to 78.5% from 20.2%.

The survey also found that Cardiff, Wales, reported the largest occupancy slide, falling 8.1% to 73.8%, followed by Geneva, Switzerland, with a drop of 7.2% to 63.6%.

Geneva’s revPAR fell 14.9% to €34.99, the largest decrease among the key markets.