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Optimistic Results of Hotels in Brussels and Frankfurt in May 2014
May 2014 was a wonderful month for hotels in Brussels and Frankfurt. Both the destinations experienced a significant growth in gross operating profit (GOPPAR). The growth reached 45.5% for hotels in Brussels and 36.9% for Frankfurt hotels.
The Belgian capital experienced increase of average room rate (ARR) of 12.2%. Coupled with increased occupancy (+3.0%), hotels in Brussels had their RevPAR up by 16.7% to 105.34 euro in total. TRevPAR (total revenue per available room) added 15.2% to the level of 149.46 euro thanks to growth of non-room revenue as well. In total, profitability of guestrooms and F&B options added 4.9% and 4.3% in May, making the month a total success for hotels.
Hotels in another popular European city, Frankfurt, also experienced a significant growth of all main stats. RevPAR added more than 10 per cent (10.2%), and occupancy grew by 6%. TRevPAR added fantastic 16.4%, and operations profit increased by 10.6%.
Prague and Amsterdam hotels had a bit less fantastic, but still very profitable month. Hotels in Amsterdam had high level of occupancy throughout the month, 88.5%, but it was still 0.9% below the result of May 2013. However, thanks to increased ARR by 13.2%, RevPAR added 12.1%. In Prague, drop of occupancy of almost 2 per cent wasn’t enough to make revenues drop as well. Increased average room rate (+5.1%) helped to maintain the growth of RevPAR that estimated 2.7%.
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