12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
European hotels enjoyed a good year in 2007 with revenue per available room (revPAR) rising by 6.6% to 85, according to a HotelBenchmark Survey by Deloitte.The best performance came from properties in Central and Eastern Europe where revPAR rose by 6.9%.This saw Warsaw, the Polish capital, record a revPAR rise of 13.4%, helped by good economic conditions and increased air services.But the downside was that Prague, capital of the Czech Republic, and Tallinn, capital of Estonia, both saw a fall in revPAR of 7.8% and 2.5% respectively.Deloitte said that Northern Europe had an "exceptionally" good year with revPAR up by 6.4%.Reykjavik saw an 11.3% rise in revPAR, again helped by new air services, while Helsinki's revPAR rose by 4.3%.Western Europe also enjoyed a good year with revPAR up by 6.3% with Paris recording a 10.5% partly through hosting the world rugby cup.Germany, which hosted the 2006 football world cup, saw business continue to rise bringing a 1.2% rise in revPAR to 59.Southern Europe saw a 6.3% rise in revPAR with Portugal outstripping other countries with a 17.1% rise in revPAR. Spain recorded a 7.5% increase. Deloitte said that across Europe there was a 1.2% rise in occupancy to 70.1% and a 5.3% rise in average room rates to 121.The most expensive cities in the continent were Moscow whose average room rate was 267, Geneva (260) and London (191).Moscow also showed the biggest rise in prices of 14.9%, followed by Lisbon (11.5) and Stockholm (11.2%).Lorna Clarke, executive director of the HotelBenchmark Survey, said: "It's been another good year for European hoteliers, despite the lack of sports and cultural events compared to 2006."Business and leisure demand has remained solid, buoyed up by relatively robust economic conditions globally."Whilst the outlook for 2008 currently looks good, hotel performance is expected to be held back as the pace of world-wide economic growth slows.”* UK chain hotels had a slight rise in profitability in 2007 according to TRI Hospitality's HotStats survey for 2007. Gross operating profit rose by 7.6% to Â£44.14 per available room while revPAR rose by 7.1% to Â£66.51. TRI said: "With no change in occupancy, it was a 10.2 per cent increase in average room rate to Â£112.81, and a firm grip on payroll costs, that enabled London hoteliers to turn in a very healthy profit performance." Jonathan Langston, managing director, TRI Hospitality Consulting, said: "The capital's magnetism as a corporate and leisure destination and its extremely high occupancies meant there was minimal scope for hoteliers to increase volume in 2007. This put a great emphasis on rate growth."
* see the latest jobs on BTE's recruitment site www.businesstraveljobs.com