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Hotels in Brussels and Barcelona Enjoy Prosperous April
Hotels in both Barcelona and Brussels enjoyed great increases in gross operating profit per available room (GOPPAR) in April 2015. The growth estimated 30.5% and 34.7% respectively, as it is mentioned in the latest report by HotStats.
The Catalan capital enjoyed strong April with growth of all main metrics. Average room rate (ARR) added 11.6%, while occupancy grew by 3.7%, helping revenue per available apartment (RevPAR) add 17.1% to 149.92 euro. Moreover, hotels in Barcelona managed to improve their revenues from beverage and food (24.0% and 15.3%), as well as from meeting rooms (+15.3%). That allowed total revenue per available apartment (TRevPAR) add 16.5% in April. Departmental operating profit per available room (DOPPAR) added 23.7%, and even increased sales and marketing labor costs (+41.1%) couldn’t prevent GOPPAR from growth of 30.5%.
The Belgian capital posted similar positive results. Average room rates added 15.3% while occupancy grew by 1.6%, helping RevPAR to climb up by 17.8%. Revenues from hiring C&B rooms estimated 9.9%, while revenues from food and beverage sales added 2.0% and 8.2% respectively, contributing to TRevPAR growth of 12.1%. DOPPAR and GOPPAR finished the month with the growth of 19.8% and 34.7% respectively.
Other European capitals posted mixed results. Hotels in Paris ended April 2015 with drop of RevPAR of 5.9% caused by decreasing average room rate and occupancy (-4.2% and -1.4% respectively). Negative results in non-room revenues made TRevPAR lose 6.1%, and DOPPAR with GOPPAR lost 10.0% and 18.4% respectively. Zurich hotels posted growth of RevPAR of 0.2%, but TRevPAR and GOPPAR decreased by 3.1% and 14.9%.
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