In January, hotels in Milan and Amsterdam showed improved results in all main figures. Gross operating profit per available room added 6.2% in Amsterdam accommodations, and tremendous 44.6% in Milan hotels in January 2014.
The Dutch capital had a wonderful start of the year. Even though the average room rate (ARR) fell by 1.4% to the total of €150.6, thanks to the growth of occupancy by 2.2% to 60% in total, hotels in Amsterdam managed to increase their RevPAR by 2.4% to €90.4. Departmental operating profit per available room (DOPPAR) was stable during January, and GOPPAR added 6.2% to €22.
Hotels in Milan posted even better results. They managed to increase all key performance figures. Average room rate added 8.1%, and occupancy grew by 1.9%. This had led to a significant growth of RevPAR 10.9%. Moreover, non-room revenues grew as well, helping DOPPAR and GOPPAR add 20.6% and 44.6% respectively to €80.8 and €37.12.
At the same time, hotels in Frankfurt and Barcelona had rather a slow start of 2014. In January, Barcelona hotels managed to increase their occupancy by 3.2%, but that was reached because of decline in average daily rate by 6.4%. RevPAR remained flat (+0.3%) and estimated €66.83. DOPPAR reduced by 0.4% to €54.8, and GOPPAR lost more 10.1%. Hotels in Frankfurt also reached higher occupancy rate (+2.8%), but the fall of the average room rate by 2% made RevPAR increase by just 2.4%. DOPPAR was reduced by 0.7% by €80.7 and GOPPAR lost 2% to €45.14.