by Fiona Scott July 10th, 2009
www.strglobal.com
All countries around the world have suffered a slump in their revenue per available room. However, recent reports now show that, although they have still seen a decline, German hotels have fallen the least in the past year. The top five European cities who’s revenue per available room has fallen the least were all German.
The report that was done by STR Global said that Berlin, Munich, Frankfurt, Hamburg, and Cologne have all fared way better in this tough market than other cities like Paris and London. STR Global went on to say that 2,245 hotels in Europe were surveyed and found out that Cologne fared the best, as far as revenue per available room was concerned. It showed a drop of only 6.5 percent when compared to May of 2008. It went on to say that Hamburg came in second with a decline of 7.5 percent followed by Frankfurt (9.9 percent), Munich (12.3 percent) and Berlin (14 percent).
The next five cities on the list were Salzburg, Zurich, Glasgow, Helsinki and Rome – all of which showed drops between 14.5 percent and 16.3 percent. Places like Pairs have shown a drop in revenue per available room by 17.2 percent. However, this is nothing compared to the huge drops in places like London (20.3 percent) and Moscow (41.7 percent).
STR Global went on to say that the performance by cities in Germany have not only indicated a commendable level of skill by revenue managers, but is also reflective on Germany’s economic performance as a whole.
For more information visit: www.strglobal.com
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