european hotel market
Europe’s Key Hotel Markets Report Highest GOPPAR of 2023
CoStar Group | August 8, 2023
WASHINGTON – 8 August 2023 – Each of Europe’s key hotel markets saw year-over-year improvement and their highest 2023 levels in gross operating profit per available room (GOPPAR), according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. Among the key markets, Paris posted the highest GOPPAR level (US$420.74), which was a 105.8% increase over May. The market also reported the largest year-over-year jump (+40.8%). London’s GOPPAR level reached $161.47, which was a 12.7% increase from June 2022 and up 35.7% mont...
RevPAR Jump Can’t Prevent GOPPAR Slip Across Europe
HotStats | August 7, 2019
In a clear example that revenue and profit aren’t always aligned, RevPAR at mainland European hotels attained a high for the year in June, but GOPPAR fell. Falling ancillary revenues and rising costs stymied gains made in rooms from flowing through to the bottom line, according to the latest data tracking full-service hotels from HotStats. At €158.82, RevPAR was a high for 2019 and also exceeded the previous peak of €157.09 from June 2018. The spike was led by a 1.4-percentage-point year-on-year increase in room occupancy to 82.5%, and was in spite of a 0.5% decline in achieved average room rate, which fell to €192.61. How...
