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%.