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Hotels in Amsterdam Suffer From Falling Revenues

News Amsterdam hotels had to experience a drop of profit of 5.9% in November 2016. This was caused by decline of RevPAR of 2.8%. Even though the occupancy remained flat for the month on the level of 80.9%, this was reached at the cost of average room rate that fell by 2.9% to 135.06 euro. Hotels tried to boost their sales using online travel agents, but that only increased the room cost of sales and caused further decrease of profit to 92.77 euro. The December data is not available yet, but November was the first month of obvious decline in 2016 for hotels in Amsterdam. All previous months featured mostly flat results.

Hotels in Prague, in their turn, managed to increase their revenues, mostly with the help of growing demand in the commercial segment. Hotels in the capital of the Czech Republic increased their average room rate by 2.7% and reached the occupancy of 76.2%. This was partially possible thanks to the Prague Conference Centre that attracted more than 1,400 participants during the ECREA conference. Demand from corporate segment added nearly 7% in November, from regular 33% to 40%. Naturally, this made RevPAR grow as well, and together with increased revenues from F&B sales (+ almost 24%) and event space rent (+46%), the total revenue per available room added solid 16%.

Hotels in Warsaw were also among best performers for the month of November. Profit per available room added 15.4% with year-on-year comparison. This is particularly impressive as in November 2015 Warsaw hotels experienced growth of revenues of 6%. Therefore, hotels in the capital of Poland feature second consecutive year of growth. In November 2016, a decline of occupancy of 0.9% was successfully offset by the increase of average room rate of 11.1%, causing the growth of RevPAR of 9.9%. Hotels in Warsaw also feature profit conversion of 43.0%, which is one of the highest results among all European cities.


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