Paris leads the field in hotel room sales in the latest survey by UK-based company TRI Hospitality Consulting. The review of European hotel chains shows that Paris had the best rate and with revenue per available room (revpar) during August. Revpar was up 15.7% to EUR 163.53. London was close behind with revpar up 9.9% to EUR 160.31 and Amsterdam came third with revpar up 11.2% to EUR 127.39.
Paris leads the field in hotel room sales in the latest survey by UK-based company TRI Hospitality Consulting. The review of European hotel chains shows that Paris had the best rate and with revenue per available room (revpar) during August. Revpar was up 15.7% to EUR 163.53. London was close behind with revpar up 9.9% to EUR 160.31 and Amsterdam came third with revpar up 11.2% to EUR 127.39.
Berlin was surprise success story of the month according to the review with revpar up 22.3% to EUR 87.75 as a result of improvements in both rate and occupancy.
The survey also found that Prague had the highest occupancy rates in Europe at 90.5% despite negative rate and revpar movement. Average rate was down by 6.2% to EUR 93.14 resulting in a 1.9% drop in revpar to EUR 84.26.
Moscow and Vienna had the most aggressive rate growths. Average rates in Moscow were up 20.3% to EUR 171.58, the third highest in the survey and Vienna rates were up 18.9% to EUR 136.29.
