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Global hotel market shifting

• 8 Mar, 2007 • Catégorie: Let's talk about it •

European hotels continue to lead hotel performance on a global scale in terms of revenue per available room (revPAR), with Venice and Paris taking the top two slots in the HotelBenchmark Global Ranking Index 2006. The results throw up some interesting pointers on how the global hotel market is shifting.

European hotels continue to lead hotel performance on a global scale in terms of revenue per available room (revPAR), with Venice and Paris taking the top two slots in the HotelBenchmark Global Ranking Index (GRI) 2006. The GRI compares the performance of 165 cities outside North America on an annual basis.

Europe staged some of the most enticing sporting spectacles in 2006 – from the Winter Olympics in Turin and the World Cup in Germany – and celebrated the work of Rembrandt, Picasso and Mozart. These events, combined with strong economic performance, helped the region dominate 12 of the top 20 positions in the revPAR GRI. Venice secured first place with revPAR at US$211. Paris, still the romantic capital of the world, saw growth of 14.7% and knocked Dubai into third position.

Edinburgh and Dublin joined in the celebrations again after falling from the top 20 rankings in 2005 and the other positions were secured by the usual suspects such as Rome, London, Moscow and Geneva.

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