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Revenues and profits falling
European chain hotels are reporting increasingly tough times, according to the new HotStats statistics from TRI Hospitality Consulting.
It said revenue and profit per available room fell in all ten cities it surveyed in November compared with the same month in 2007.
TRI blamed the economic downturn and the drop in international travel for the poor figures.
Amsterdam suffered the greatest dip in profit with a 37.6% fall in income before fixed costs (IBFC) while occupancy fell 15.8% to 69.1% compared with the same period last year.
Average room rate in the Dutch city also fell by 6.3% to €165.71.
Jonathan Langston, managing director of TRI, said: "November was the first month that many companies implemented new restrictions on travel for their employees.
"For hoteliers, in addition to the trips not made, this also meant short-notice cancellations.
"In many key markets, falls in occupancy have widened from August onwards and, unfortunately, any rapid reversal of this trend looks increasingly unlikely."
But despite the tougher times, TRI said that some cities reported a year-on-year increase in rates, including Paris, Budapest, Hamburg and Warsaw.
The French capital reported the highest daily room rate of €157.86 per available room.
But London remained the most profitable hotel market with a daily IBFC of €120.06 per available rooms.