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Glorious Start of 2014 for Hotels in Milan and Amsterdam

News 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.


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