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Impressive Results of Hotels in Amsterdam and Brussels
December brought very good results for hotels in Brussels and Amsterdam. They showed best performance among all European markets and managed to achieve a tremendous growth of GOPPAR (gross operating profit per available room) of 38.6% for Amsterdam and 34.2% for Brussels.
Amsterdam hotels reached positive results in all key indicators, such as occupancy (+1.6 percent), average room rate (ARR, +3.7%), and revenue per available room (RevPAR, +5.8%). Amsterdam hotels also managed to increase their revenues got from food and beverage sales (+4.2% and +8.1% respectively). This helped boost total revenue per available room (TRevPAR) by 5.1% to 215.26 euro in total. Belgian capital showed almost same growth of occupancy (+2.0%), but that was reached thanks to decline of ARR of 0.9%. RevPAR showed moderate growth of 1.9%, helping TRevPAR add 2.2% and reach 126.63 euro.
However, the situation wasn’t that optimistic throughout Europe. Hotels in Barcelona and Zurich had a challenging month in December 2014. Barcelona hotels had to struggle with declines in ARR (-2.1%) and RevPAR (-0.2%). The negative trend was fuelled by weak results of food and beverage sales (-23.1% and -23.8% respectively), and meeting rooms hiring (-37.9%). They made TRevPAR decline by 12.1% and GOPPAR lost 26.5%. Hotels in Zurich experienced similar results. December was a weak month for the city, but it couldn’t deteriorate results for the whole 2014. RevPAR and TRevPAR added 1.6% and 1.2%, and GOPPAR grew by 2.2% in total.
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