European Hotels’ Profit Per Room Increases First Time In 2019
July 1, 2019Hotels in mainland Europe recorded their first year-on-year increase in profit per room in May, powered by growth across all revenue centres, according to the latest data tracking hotels.
GOPPAR increased by 5.9% in May to €78.16, which was the largest margin of YOY growth in this measure since October 2018 and was also a high for the year—almost €30 above the year-to-date figure at €48.09.
The growth in profit was led by a 3.7% YOY increase in RevPAR, which hit €133.46 thanks to a 2.3% increase in achieved average room rate to €174.22, as well as the first YOY increase in room occupancy in the region since Q3 2018.