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Romantik Hotel, Zurich Romantik Hotel, Zurich

Europe Leads the Way as GOPPAR Increase

According to the latest worldwide poll of full-service hotels from HotStats, Europe’s economy is now booming, fuelling business and leisure tourism as Pablo Alonso, CEO, HotStats, highlighted.

The positive rise in occupancy and achieved average room rate contributed to a 5.5 percent increase in RevPAR, to EUR126.61 (USD150.61). In addition, an increase in Non-Rooms Revenue and Conference and Banqueting resulted in a 6.4 percent increase, contributing to the five percent increase in TrevPAR, to EUR192.60 (USD229.11), which maintained the upward trajectory in this measure for year-to-date 2017.

The year-on-year growth in TrevPAR was further buoyed by a reduction in costs, which included a 0.3 percent saving in Payroll to 30.4 percent of total revenue. The cost decrease helped hotels in Europe record a 7.2 percent increase in GOPPAR, to EUR75.58 (USD89.92), equaling to a conversion of 39.2 percent of total revenue.