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for the European Hotel Industry |
MKG Consulting
October 2002 European hotel industry - cumulated results
of the
1- In Europe, the hotels along the coasts and the medium-sized cities post the best results of the season. Results from the hotel activity for the 2002 summer season in Europe,
by site
The revenue per available room (RevPAR) experienced a light fall (-3.5%) during the months of July and August. This drop appears limited in view of the unfavourable economic conditions and disastrous climatic conditions that have affected a large part of Europe during the course of the summer. The occupancy rate only lost 1.9 points, for 69.8%, and the average daily rate lost 0.8% for 94.8 Euros including VAT in all categories combined. The only hotels to record distinctly low results were those situated in the 15 European capitals, and particularly, hotels located at airports. Again, this fall concerns the upmarket segment (4* category), since the budget categories continue to post good performances. The seaside and urban destinations recorded the best differentials in terms of occupancy, as well as a RevPAR. France, Brittany and Côte d�Azur have had a very beautiful summer season, helping a strong rise in European clientele. In these two regions, the RevPAR augmented by 7.6% and 7.8% respectively. The terrorist attacks of September 11, 2001 still linger in the minds of consumers. During the summer of 2002, tourists have favoured destinations that are closer to home, with the exception of the capitals (-4.1 points in the occupancy rate) 2- The principal medium-sized cities in Europe post excellent results Results from the hotel activity for the 2002 summer season in Europe,
by city
The summer tendency per major city is quite clear: a pronounced downturn in the activity in the capitals, a very strong increase in the indicators of the medium-sized cities: thus Paris, London, Madrid, Amsterdam, and Brussels have seen their occupancy rates and revenue per room available orient negatively. Inversely, Marseilles, Manchester, Barcelona, Rotterdam and Antwerp have seen a progression in the RevPAR near or higher than 10%. All these cities, with the exception of Marseilles, recorded equally a clear improvement in the occupancy rate: +3.6 points for Barcelona and +4.9 points for Antwerp. In the summer of 2002, the hotel demand did not collapse, far from it! Important clientele shifts from the capitals to the medium-sized cities took place. The only exception is Germany, since Berlin (-17.5%), as well as other medium-sized citied saw significant falls (-13.9% low for the RevPAR in Munich). The large economic crisis that is affecting Germany is not without consequences in its hotel industry. 3- In France, a large improvement for properties situated in provincial areas Results from the hotel activity for the 2002 summer season in Europe,
by site
France adheres perfectly to the European tendency: a downturn of activity in the capital and a clear improvement in the indicators in the other zones. Provincial and coastal France (such as Côte d�Azur) post a growth in the RevPAR in the order of 6%, while at the same time Paris records a negative differential. In the end, throughout France, the summer season concluded with a RevPAR that is down 1.3%, which is better than the performance of Europe (-3.5% for July- August). In France, as well as Europe, the tendency of improvement continues. In August, the French and European hotels recorded their best results since April 2002. This tendency continued in September, with indicators that should post strong rises. The end of the year should also be in the same trend, and permit the European hotel industry, globally, to resume with its activity indicators oriented strongly upwards. Methodology
These results come from figures supplied by the hotel chains located in France and throughout Europe, of which MKG Consulting is the official statistical supplier. MKG Consulting has the largest hotel database in the world, outside the United States, with the best coverage of all the hotel segments. |
Georges Panayotis 00 33 (0)1 56 56 87 90 [email protected] http://www.mkgconseil.com/ |