Posts filtered by tags: GOPPAR[x]


 

UK Hotels Attain Second Consecutive Month of Earnings Growth in November

Building on October's GOPPAR gains, UK hotels successfully produced a second consecutive month of profit growth in November, positioning hotels in the region to achieve another successful year of trading, according to the latest data tracking full-service hotels from HotStats.
Tags: Travel, UK, GOPPAR


HotStats U.S. September Market Review: Stronger Business Travel Leads to Profit-Per-Room Bounce

A bump in corporate travel at the end of the third quarter proved enough to boost GOPPAR and serve as a harbinger of continued strength in the hotel industry as it moves into the fourth quarter. Profit per room at hotels in the U.S. in September was more than $20 above the GOPPAR recorded in August, according to the latest data tracking full-service hotels from HotStats.
Tags: Travel, GOPPAR


August 2018: Another Month of Double-Digit Growth Sends Profits Surging at Europe Hotels

August represented a third consecutive month of significant profit growth for hotels in Europe as GOPPAR levels soared by 11.8 percent due in part to increases across all revenue departments as well as cost savings, according to the latest data tracking full-service hotels from HotStats.
Tags: Travel, Europe, Europe Hotels, GOPPAR


August 2017: Profit Rise Provides Welcome Respite for Hotels in the Middle East & Africa

Hotels in the Middle East & Africa recorded a 6.6% year-on-year GOPPAR increase in August, which was only the third month this year in which profit growth has been achieved, providing a welcome respite from a challenging trading period, according to the latest worldwide poll of full-service hotels from HotStats.
Tags: Travel, Africa, Middle East, Middle East Africa, GOPPAR


HotStats July US Hotels Market Update: TrevPAR Grows but Profits Slide at US Hotels

GOPPAR dropped by 0.7-percent at hotels in the USA this month, as the 1.1-percent increase in TrevPAR was cancelled out by escalating costs, according to the latest worldwide poll of full-service hotels from HotStats.
Tags: Travel, Usa, US, GOPPAR


July 2017: Record RevPAR Fuels Profit Growth at UK Hotels

Record RevPAR levels helped hotels in the UK to maintain their strong period of top and bottom line growth in 2017, as the 4.4% year-on-year increase for the month fuelled a 3.8% increase in GOPPAR, according to the latest worldwide poll of full-service hotels from HotStats.
Tags: Travel, UK, GOPPAR


June 2017: Profit Growth at UK Hotels Unabated by Election Uncertainty

GOPPAR at hotels in the UK increased by 5.4% this month, in spite of the heightened uncertainty across the country as the snap general election ended in yet another hung parliament, according to the latest worldwide poll of full-service hotels from HotStats.
Tags: Travel, UK, GOPPAR


HotStats European Chain Hotels Market Review – December 2016

Strong December Fuels Madrid Profit A 19.6% increase in profit per room in December helped hotels in Madrid achieve a 3.8% increase in GOPPAR for 2016, according to the latest data from HotStats. The growth in GOPPAR (Gross Operating Profit per Available Room) in December was in contrast to a 0.9% decline in RevPAR (Revenue per Available Room) for the month, which was suffered as a result of a 6.8% drop in achieved average room rate, to €126.68.
Tags: Travel, Facebook, News, France, Madrid, HotStats European Chain Hotels Market Review, GOPPAR


Frozen tress #2

We had so heavy blizard but fortunately we had just momet to stop strong storm and could see the...
Tags: Travel, Madrid, HotStats European Chain Hotels Market Review, GOPPAR


STR: Yen devaluation leads to profit boost for Japanese hotels

Japan's hotel industry has benefitted substantially from the devaluation of the Japanese yen, experiencing four consecutive years of double-digit percentage growth in gross operating profit per available room (GOPPAR), according to STR.As reported in STR's Profitability Review, Japan's GOPPAR reached JPY12,512.18 in 2015, the country's highest GOPPAR value since the time of the global financial crisis in 2008.STR analysts point to a clear correlation between the devaluation of the yen...
Tags: Asia, Japan, Tokyo, GOPPAR


STR: Downturn for GCC hotels correlates with oil prices

Hotels in Gulf Cooperation Council countries have experienced a downturn in performance and overall profitability that correlates with a decline in oil prices, according to data and analysis from STR.Through the first half of 2016, the GCC hotel industry reported a 10.3% year-over-year decrease in the key hotel performance indicator, revenue per available room (RevPAR). According to Statista, the average price of OPEC crude oil in 2016 is down 27.0% (to US$36.13) from the average pric...
Tags: US, Opec, GCC, Middle East, Dubai, Gulf Cooperation Council, Statista, GOPPAR


HotStats MENA Chain Hotels Market Review – December 2015

Profit levels fall in Dubai and Doha.Five and four star hotels in Dubai continued to experience weakening average room rates (ARR) in December, falling 4.6% to US$315.79, whilst occupancy levels remained strong, albeit marginally lower than the same period last year at 80.2%. The 5.9% decrease in revenue per available room (RevPAR) was compounded by significantly lower food and beverage revenues which fell 18.0%, driving total revenue per available room (TRevPAR) 10.3% lower, to US$43...
Tags: US, Dubai, HotStats MENA Chain Hotels Market Review, ARR, GOPPAR, Doha Five


HotStats MENA Chain Hotels Market Review – October 2015

Dubai hotel profits fall 17.0% along with weak performance for Manama hotels. Five and four star hotels in Dubai continued to experience weakening average room rates (ARR) in October, falling 8.1% to US$312.08 whilst occupancy levels remained strong, albeit marginally lower than the same period last year at 82.9%. The decrease in revenue per available room (RevPAR) was compounded by significantly lower food and beverage revenues which fell 12.0%, driving total revenue per available Ro...
Tags: US, Dubai, MANAMA, HotStats MENA Chain Hotels Market Review, ARR, GOPPAR


HotStats MENA Chain Hotels Market Review – August 2015

Dubai and Amman hotels feel the pressure of declining profits. Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1% to US$147.45 for the month compared to the same period last year. Due to a marginal rise in occupancy levels by 0.6 percentage points, the contraction in room revenues was led largely by average room rates (ARR) falling 10.8% to US$196.49. The drop in room revenues also impacted total...
Tags: US, Dubai, Amman, HotStats MENA Chain Hotels Market Review, GOPPAR


HotStats European Chain Hotels Market Review – July 2015

July was a strong month for Barcelona as the city registered an 18.5% increase in revenue per available room (RevPAR) thanks to a 1.5 percentage point uplift in occupancy combined with a 16.6% growth in average room rate (ARR). Further increases were reported in revenues per available room derived from food (+16.1%), beverage (+14.7%) and meeting room hire (+4.3%) which further supported the total revenue per available room (TRevPAR) growth of 17.1%. A decrease in payroll (-1.7 percen...
Tags: Barcelona, HotStats European Chain Hotels Market Review, GOPPAR, DOPPAR


HotStats MENA Chain Hotels Market Review – July 2015

Abu Dhabi Hotels reported a 27.2% growth in revenue per available room (RevPAR) to US$73.01 in July, driven by a 10.5 percentage point rise in occupancy levels to 60.8%. The improvement in RevPAR can also be attributed to an average room rate (ARR) growth of 5.2% to US$120.05. The rise in room revenues helped offset the decline in food and beverage sales during the month and translated to a 19.9% increase in total revenue per available room (TRevPAR). A growth in overall revenue helpe...
Tags: US, HotStats MENA Chain Hotels Market Review, ARR, GOPPAR, Abu Dhabi Hotels


HotStats UK Chain Hotels Market Review – July 2015

North East hotels grow bottom lineThe UK provincial hotel market registered positive year-on-year movements across all key performance indicators for the month of July. Hotels in the North East recorded a 3.3% increase in gross operating profit per available room (GOPPAR) according to the latest data from HotStats.
Tags: UK, North East, HotStats UK Chain Hotels Market Review, GOPPAR


HotStats European Chain Hotels Market Review – June 2015

Gross Operating Profit per available room (GOPPAR) at hotels in Amsterdam and Hamburg surged by 15.0% and 14.2% respectively in June, according to the latest HotStats.
Tags: Amsterdam, Hamburg, HotStats European Chain Hotels Market Review, GOPPAR


HotStats MENA Chain Hotels Market Review – May 2015

The combined effect of the falling Euro and stronger US Dollar continues to be the key challenge facing Dubai's hotels, as average room rate (ARR) fell by 10.8% to US$271.64 during the month of May. Although occupancy levels remained strong at 83.8%, up 1.9 percentage points over the same period last year, the fall in ARR resulted in an 8.7% reduction in revenue per available room (RevPAR). Dubai's four and five star hotels also witnessed softer food and beverage demand, which had a ...
Tags: US, Dubai, HotStats MENA Chain Hotels Market Review, ARR, GOPPAR


London and Regional UK hotels set for growth in TRevPAR and GOPPAR in 2014 and 2015

Regional UK total revenue per available room (TRevPAR) and gross operating profit per available room (GOPPAR) are forecast to rise by the end of the year by 6.5% and 14.4% respectively, while London will also experience positive year-on-year comparison but at a slower pace with TRevPAR and GOPPAR going up in 2014 by 1.3% and 1.8% respectively. Moreover, both Regional UK and London hotel markets will continue to grow in 2015 with rising TRevPAR and GOPPAR anticipated, according to the Hote...
Tags: UK, London, GOPPAR