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August 16, 2011

Belgium Reports Positive RevPAR for First-Half 2011

The Belgian hotel market has seen positive changes in revenue per available room (revPAR) across all industry metrics during the first half of 2011, according to STR Global. The city of Bruges recorded the lowest occupancy of the cities sampled with 64.1%, which together with a 5% incre

By cms admin

The Belgian hotel market has seen positive changes in revenue per available room (revPAR) across all industry metrics during the first half of 2011, according to STR Global.

The city of Bruges recorded the lowest occupancy of the cities sampled with 64.1%, which together with a 5% increase in room stock contributed to a 2.1% decline in the average daily rate (ADR).

Bruges posted a 9.5% increase in revPAR and Liege recorded the largest ADR rise of 8.2%.

Ghent and Liege witnessed a 9.2% increase in rolling revPAR compared with the period of January-June 2011.

Ghent’s rolling 12-month revPAR for June 2011 was €76.12, exceeding that of Brussels, which reported €74.55.

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