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The Rezidor Hotel Group made a profit before tax of €4.6 million during the last quarter, after it was able to increase its room rates for the first time since 2008.
During the same quarter in 2009, the hotel group lost €6.1 million.
Group occupancy figures rose to 71.3% between July and September this year, compared to 65.2 % during the same period in 2009.
Revenue per available room (RevPAR) across the group rose to €66.6, up 12.6% year-on-year.
Rezidor’s CEO Kirt Ritter said: “Although fragile and coming from a low base, the recovery is now evident across all our geographic segments.
“For the first time in two years, room rates increased, which contributed to the acceleration in RevPAR growth.”
Of the group’s two hotel marks, the upper scale Radisson Blu out-performed its mid-scale sister brand Park Inn.
Occupancy at Radisson Blu hotels was 65.2%, and was RevPAR €76.1, compared to a 68.3% occupancy at Park Inn hotels and a RevPAR of €42.7.
The hotel group added 2,000 new rooms to its operations between July and September, and 1200 new rooms were signed under management or franchise agreements.
www.rezidor.com www.parkinn.com www.radissonblu.com