.
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
NEWS BLOCKS:
 01 
 02 
 03 
 04 
 05 
 06 
 07 
 08 
 09 
 10 
 11 
 12 
 13 
 14 
 15 
 16 
 17 
 18 
 19 
 20 
 Latest 

Hotel Occupancy in Europe is Growing

News January 2015 brought mixed results to hotel performance of European region. While Northern Europe enjoyed improving results and growth of year-to-year metrics, hotels in Eastern Europe suffered from weaker performance and decreased RevPAR.

Northern Europe finished 2014 with very good results, and January 2015 followed the trend. The growth of ADR estimated 12.3% for the region. Eastern Europe, in contrast, posted decline of RevPAR of 7.6%, and even growing occupancy of 5.0% couldn’t improve the overall performance. Southern Europe also posted better results. Hotels in the region managed to increase their RevPAR by 5.3%, mostly thanks to improving performance of hotels in Spain, Greece, Portugal, and Malta. Western Europe was another region with fast growing RevPAR. The increase of the metric here estimated 4.0%, reaching the highest result for Europe in total – EUR63.45.

If analyzing Europe in general, occupancy in the region added 3.5% in January 2015, and ADR in Euro grew by 5.2%, helping RevPAR in Euro add 8.9%.

Hotels in Lisbon posted highest growth of occupancy of 16.9% (to 49.8% in total), featuring the highest growth of the metric for the month of January. They were followed by hotels in Budapest, Hungary, that posted growth of 15.1% to 47.8% in total. The largest decrease of occupancy was posted by hotels in Tel Aviv, Israel – minus 8.9% to 57.0% percent in total. The largest increase of ADR was reported by same Tel Aviv hotels - +21.1% to 182.13 euro. The second largest increase was reached by hotels in Manchester - +19.9% to 88.04 euro. Finally, Budapest hotels enjoyed the largest growth of RevPAR in Europe in January (+31.0% to 31.40 euro).

02.03.2015

Previous article / Back to news index

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

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
English 
Deutsch 
Nederlands 
French 
Russian
 Top 10 destinations
Beograd
73 hotels
Cape Town
191 hotels
Frankfurt
212 hotels
Indianapolis
58 hotels
Liverpool
72 hotels
Milan
365 hotels
Parnu
45 hotels
Salamanca
57 hotels
Sydney
208 hotels
Zermatt
110 hotels