Istanbul hoteliers enjoy significant increases in profitability
January 2012    PDF Print E-mail
Istanbul News

nov11-eu-hoteloccThe latest HotStats survey by TRI Hospitality Consulting shows that despite a 1.5 percentage point decline in room occupancy, hoteliers in Istanbul were able to successfully record a 17.6% increase in achieved average room rate to €193.97.

Budapest, Istanbul and Paris registered strong increases in profit per room for November led by robust year-on-year growth in achieved average room rate, according to the latest HotStats survey by TRI Hospitality Consulting.

In contrast to Istanbul, in addition to increases in achieved average room rate performance in both Paris (+6.1%) and Budapest (+8.4%), these capital cities also successfully recorded room occupancy increases of 7.7 percentage points and 4.9 percentage points, respectively, which contributed to significant increases in Revenue per Available Room (RevPAR).

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