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Hotels in Greece and Ireland Publish Positive Forecasts

Hoteliers in Europe keep struggling with negative consequences of the recent economic crisis. This is particularly true for “depressive” regions like Greece and Ireland. According to February stats, hotels in Athens and Dublin show signs of recovery.

Hotels in Tallinn, Estonia, showed the top performance in February among all European countries. The increase of RevPAR (revenue per available apartment) here estimated 37.2%. Tallinn is named “the European City of Culture” for 2011, so this may have had a positive influence on the city hotels’ occupancies. However, despite such increase RevPAR is only €24.26, which is not much comparing to other countries. The same rise in this figure is experienced by hotels in Malta, Lithuania and Iceland. The growth is vivid, but it comes from low base last year and the hotels in these countries still cannot return to their normal occupancy and revenue.

In terms of occupancy rate the leader is Athens. Accommodations of this European capital got the increase in occupancy by 15.6% to 56.7%. Hotels in Dublin occupy the second place with the increase of 11% (61.4% in total). The largest drop among European cities experience hotels in Salzburg – here the decrease in occupancy in February estimated 11.9% and reached 43.1%.

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