Turkish Digest Advertising Rates

Annual Advertising options

Tuesday, December 27, 2011

Hoteliers in Budapest, Istanbul and Paris enjoy significant increases in profitability

Hoteliers in Budapest, Istanbul and Paris enjoy significant increases in profitability
Budapest, Istanbul and Paris registered strong increases in profit per room for November led by robust year-on-year growth in achieved average room rate, according to the latest HotStats survey by TRI Hospitality Consulting.

Despite a 1.5 percentage point decline in room occupancy, hoteliers in Istanbul were able to successfully record a 17.6% increase in achieved average room rate to €193.97. In contrast, in addition to increases in achieved average room rate performance in both Paris (+6.1%) and Budapest (+8.4%), these capital cities also successfully recorded room occupancy increases of 7.7 percentage points and 4.9 percentage points, respectively, which contributed to significant increases in Revenue per Available Room (RevPAR).

More:Hoteliers in Budapest, Istanbul and Paris enjoy significant increases in profitability