Mixed performance across key city hotel markets

30th March 2009, 10:16am

There was a mixed performance in February across Europe's key city hotel markets, according to the latest European HotStats survey by TRI Hospitality Consulting.

The Hamburg chain hotel market remained stable in February, reporting a 2.3 percentage point increase in average occupancy to 68.1%, meanwhile in Germany, the Berlinale international film festival enabled the capital's average room rate to surpass the historically more expensive cities of Paris, London and Amsterdam.

The London market stayed comparatively resilient, reporting a minimal year-on-year drop in average occupancy of 2 percentage points to 77.4%, the highest absolute value in the survey.

David Bailey, deputy managing director, TRI Hospitality Consulting, explained: "Given current market conditions, it is encouraging to see that London's occupancy levels are up in the high-seventies, showing that general demand for branded hotels remains strong in the English capital."

Elsewhere, average occupancy fell by 13 percentage points to 57.1% in the Dutch capital. Average room rate was down by 13.2% resulting in a fall in room revenue of nearly one third. And Prague reported the largest decrease in occupancy of 18.4 percentage points to 39.1%.

Related Articles:

• 26 Nov 2009 - The London hotel market records second highest occupancy performance in 2009
• 11 Nov 2009 - Confidence amongst UK hotel general managers at a high
• 02 Nov 2009 - London hoteliers lead the way
• 28 Oct 2009 - London hoteliers boost profits
• 01 Oct 2009 - European hotels experience a weak August
• 28 Sep 2009 - Holiday makers boost occupancy levels for UK hotels
• 26 Aug 2009 - London Hotel occupancy exceeds 2008 levels
• 18 Aug 2009 - UK hotel general managers remain positive
• 28 Jul 2009 - Occupancy levels hold up at London hotels
• 25 Jun 2009 - Recession has less impact on UK hotels
• 28 Apr 2009 - Lower hotel room rates keep occupancy high
• 24 Apr 2009 - UK hotels experience heavy falls in profit
• 25 Mar 2009 - Profit down by 17% at London hotels
• 03 Mar 2009 - Hotel's revenue and profit continues to fall
• 25 Feb 2009 - Hotel profits fall by almost one third
• 23 Feb 2009 - TRI Hospitality Consulting wins hotel report award
• 28 Jan 2009 - Flat profit at London hotels
• 15 Dec 2008 - TRI nominated for 2009 Hotel Report Awards
• 27 Nov 2008 - UK hotel profits fall by 9%
• 10 Jun 2008 - UK hotels continue to rise in room rates
• 04 Mar 2008 - London hotels achieve profit increase
• 27 Feb 2008 - TRI wins Advisor of the Year title

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