"Move over – Doha, Hanoi and Istanbul make an entrance
2005 results from the HotelBenchmark™ Global Ranking Index
For the third consecutive year Venice held on to its crown as the best performing market in terms of revenue per available room (revPAR), according to the HotelBenchmark™ Global Ranking Index (GRI). The GRI compares the performance of 165 global cities outside North America on an annual basis.
Europe’s dominance of the ranking remained strong during 2005, securing 11 of the top 20 positions in the revPAR GRI. Despite three European cities dropping out of the top 20 – Athens, Edinburgh and Dublin. Istanbul was a new entry securing 20th place, as revPAR in the city grew 43% in 2005, fuelled by a substantial increase in visitors and the city hosting the Formula 1 Motor Racing Championship for the first time."
More:Hospitality Net - Industry News - Move over – Doha, Hanoi and Istanbul make an entrance
