4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
European chain hotels market review.
Friday, 30th August 2013
Source : HotStats
Food and Beverage profits tripled in Berlin and enhanced GOPPAR performance.

Hoteliers in Berlin saw profits per available room increase by 25% in July this year which was solely attributable to non-rooms revenues and effective overhead cost management, according to the latest HotStats survey.

Occupancy and Average Room Rate (ARR) both decreased marginally in July resulting in a slight fall in RevPar of 1% to €78.80. Meeting room revenue, however, increased by over 140%, equivalent to an additional €5.58 per available room, and consequently was the main driver of Total Revenue (TrevPar) growth of 9.6%.

Other revenue drivers were food and beverage, with growth in this department improving departmental payroll efficiency by an impressive 12 percentage points and ultimately more than tripling food and beverage departmental operating  profit per available room to €10.40 when compared to July last year.

Total administrative and general costs in the German capital's hotels was reduced by 8.8% per available room which combined with the above, drove a gross operating profit growth of €7.65 per available room – an increase of 25% over July last year.

After two months of double digit year-on-year profit growth in Moscow, hoteliers saw their GOPPAR decrease in July. Despite a 6.1% increase in Average Room Rate to €133.83 and a stable occupancy at 6 percentage points above the rolling twelve months' average, GOP per available room decreased by 10.4%.

Whilst Total Revenues climbed to €158.65 per available room, representing a year-on-year increase of 5.9%, this remains more than €14 below the average for the calendar year. As direct expenses, payroll cost and overheads combined rose by more than the growth in TrevPar, any joy hotelier's had from a positive RevPar performance quickly evaporated.

Despite the economic uncertainties in Spain, hoteliers in Barcelona have every reason to be in a good cheer. Under the July sun, profits in Barcelona flourished (+19.4%) mainly thanks to a year-on-year increase in ARR of approximately €7.40 to €171.79 and improved F&B (+13%) and C&B revenues (+71.5%).

As rooms payroll per room let was 9.7% below July 2012 levels, rising travel agents commission was counterbalanced and rooms departmental operating profit conversion consequently improved by 2.2 percentage points.

A boost in C&B productivity (+71.5% meeting room hire per square metre) as well as decreasing cost of sales in the F&B department helped to deliver a gross operating profit per available room increase of €16.54 above last year in the Catalan city.

Visit www.hotstats.com

 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2024 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy