Hotel Resource - TRI Hospitality Consulting Hotel Industry News

Hotels in Riyadh achieved the highest Average Room Rate (ARR) and Gross Operating Profit Per Available Room (GOPPAR) in the region for the month of December and full year 2011, according to the latest HotStats survey by TRI Hospitality Consulting.

Five of the ten European cities for which we present data this month registered Gross Operating Profit per Available Room (GOPPAR) growth in December according to the latest HotStats survey by TRI Hospitality Consulting.

A difficult end to the year has not stopped hoteliers in London recording a second consecutive year of profitability growth, according to the latest HotStats survey of approximately 550 full-service hotels across the UK by TRI Hospitality Consulting.

Dubai hotels reported strong growth in Average Room Rate (ARR) during the month of November 2011 resulting in a knock-on effect on the Revenue per Available Room (RevPAR) and Gross Operating Profit per Available Room (GOPPAR) levels for the month, according to the latest Hot- Stats survey of full-service hotels in six regional cities by TRI Hospitality Consulting.

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

Hoteliers in London recorded another month of yearon- year decline in profit per room as total revenue levels in the capital dropped for only the second time in 2011, according to the latest HotStats survey of approximately 550 full-service hotels across the UK by TRI Hospitality Consulting.

London, Paris and Amsterdam registered a decline in Total Revenue per Available Room (TRevPAR) and Gross Operating Profit per Available Room (GOPPAR) performance for the month of October according to the latest HotStats survey by TRI Hospitality Consulting.

Hotels in Abu Dhabi reported a surge in occupancy during the month of October 2011 while hotels in Dubai were as full as they were in 2007, according to the latest HotStats survey of full-service hotels in six regional cities by TRI Hospitality Consulting.

Hotels in Dubai reported strong RevPAR and profit growth during the month of September 2011 as the city emerged out of the low demand summer and Ramadan seasons, according to the latest HotStats survey of full-service hotels in six regional cities by TRI Hospitality Consulting.

The Amsterdam hotel market continues to grow from strength-to-strength as Gross Operating Profit per Available Room (GOPPAR) increased by 16.7% for the month of September.