Business Travel Tech Talk London, 16 October,
Business Travel Awards Europe, 30 October, JW
3rd Annual Business Travel Intelligence Summit
Hotels in Paris have almost matched the performance of London hotels in the first five months of 2006, according to TRI Hospitality Consulting's HotStats survey.The survey which covers chain hotels in major European cities, found that revenue per available room (revPAR) in Paris was 136.07 compared to 137.03 in the UK capital.In May, its revPar of 159.83 exceeded that of London's 156.61.David Bailey, a director of TRI, said the recovery in continental Europe was now appeared to be "fully underway" and that 2006 was proving a good year for Parisian hotels.The survey found that German hotels were also enjoying a good year with revPAR up in Hamburg by 17%, in Berlin by 14.5% and in Munich by 3%. However this last figure was followed by a 26% increase in revPAR in May alone. Moscow was the most expensive city for hotels according to TRI with an average 186.46 room rate in the first five months of the year.The city also had the highest growth in room rate of 6.8%. But it also had the lowest occupancy of 64.2%.The best occupancy performance belonged to London at 79.4%, followed by Amsterdam at 78.8%. Paris stood at 73.4%.But Mr Bailey said the recovery in Europe seemed "more subdued" with Prague showing a 3.2% drop in revPAR for the first five months and Budapest showing a modest 4.9% growth.Occupancy in Budapest was 65.6%, the second lowest after Moscow and in Prague 69.8% while average room rate in Budapest was 98.25, the second lowest after Munich, and in Prague 121.312.
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