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Hotels in BUDAPEST: Results October 2016, increase of 15% occupancy and 25.6% in RevPar
The main indicators were negative for hotels in Europe in October, with a 0.4% decline in employment, averaging 75.3%; A daily average rate, ADR, of 113.51 euros, 1.6% less than the same month last year, and an income per room available, RevPar, which fell 2%, to 85.47 euros, according to data Of STR.
However, the positive case of Portugal stands out, with an ADR increase of 13% in October, obtaining the highest figure since 2003, 94.78 euros. Meanwhile, occupancy grew by 3% to 77.8%, while RevPar increased by 16.3% to 73.72 euros. STR analysts believe that the country's hotels have benefited from the increase in arrivals due to declining demand for countries that suffered from security problems like Turkey or France.
Another notable case is that of Slovakia, which has recorded a RevPar increase of 21.9% to 51.90 euros; An increase of 7.7% in occupancy (73.7% on average) and ADR of 12.8% (70.42 euros). The experts of the consultancy have observed that the hotels of the country did better on the weekend and attribute the improvement to the growth of international tourism.
On the opposite side is the United Kingdom, with a decline in employment from 1.8% to 80.9%, compared with precisely the record reached in October 2015. ADR fell 2.9% and RevPar A 4.7%. Overall, the UK hotel plant, up 1.9% in the month, while demand remains flat.
As for capitals, the good results of Budapest stand out, with a rise of 15.5% in occupancy and 25.6% in RevPar; And Sofia, with 10.1% and 20% more in each case. However, Zurich had the worst result with the lowest ADR since 2004 and a 5.5% decline in RevPar, despite the fact that occupancy rose by half a point.
