Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com
All news:
 01 
 02 
 03 
 04 
 Latest 


Hotels in Europe Feature Growth in 2010 After 2 Years of Decline

News Good news for hotels in Europe as after 2 years of crisis they managed to end 2010 with long-awaited growth. Average hotel value per room increased here by 1.5% and estimated €215,200. This positive trend is very inspiring as in 2008 and 2009 hotels ended up with double-digit fall of the same figure.

Hotels in Paris and London top the list of the highest values per room and occupy the first and second place consequently. The accommodations in these cities are the leaders in absolute digits as the biggest increase show hotels in Munich and Frankfurt – 15% and 19% respectively.

Economic problems in Greece have a negative impact on accommodations in the country as well. Hotels in Athens ended the year with a huge decrease of 29% in the value per room. Such situation made Athens drop in ratings from 8th place to 27th. Current value per room in this European city estimates €129,100. Among biggest raisers in the list is St. Petersburg with its increase in the value per room of 11% and, thus, the rise from the 33th place to the 10th.

According to the information provided by HVS, currently we can talk about the growth of the European hotel market in general. Only 5 local markets in the region are unlikely to show growth. Analytics also note the trend of blurring the distinction between the markets. Earlier Eastern Europe has performed poorer comparing to the hotels in Western Europe. Today this difference is not so vivid and many cities, for example, Warsaw show the same growth as major cities in the west.



Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on OrangeSmile.com.

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
English 
Deutsch 
Nederlands 
French 
Russian
 Top 20 destinations
Atlanta
98 hotels
Bremen
67 hotels
Doha
49 hotels
Guadalajara
41 hotels
Ko Samui
226 hotels
Malta
104 hotels
Nurnberg
95 hotels
Puerto / Cruz
58 hotels
Sevilla
178 hotels
Trier
36 hotels