Profit Continues To Fall Across Europe

The trend of falling occupancy, revenue and profit across key European hotel markets continued
during January, according to the latest HotStats survey by TRI Hospitality Consulting.

 In Vienna the sample of international branded
hotels saw daily profit – expressed as income before fixed charges
(IBFC) – decline by nearly two thirds to just €9.80 per available
room. In Prague profit more than halved and in Amsterdam the decline
was 45.2 per cent. The only city in the survey not to report a
double-digit decline in profit was Hamburg.
Paris and London
reported similar falls in occupancy and profit. Occupancy was down
3.3
percentage points to 70 per cent in London and in Paris down
by 3.5 points to 69.3 per cent. Profit fell back by 20.6 per cent in
Paris and 21.5 per cent in London.