Goppar up in Europe

Budapest
Budapest saw a strong 2019

Mainland European hoteliers reported a fourth consecutive month of Goppar growth, up 9.8% on the year.

Despite this, goppar for the full financial year 2019 was 0.8% below that of 2018.

Hotstats reported that December had seen the greatest increases for the year across all three KPIs, with occupancy up 2.3 percentage points, average rate up 3.2% and revpar up 7.1%.

With a 1.5% uptick in ancillary revenue, revpar rose by 5.0%.

Led by a 5.9% year-on-year expansion of rooms labour costs, total payroll rose by 2.1% on a PAR basis compared to December 2018. Overheads were also part of this upward trend with a 3.1% increase.

Budapest experienced a profit boost in the last month of the year, with goppar in the Hungarian capital recording a 35.6% year-on-year increase in December, the fourth month of double-digit year-on-year growth for this metric in the city in 2019.

Occupancy increased by 3.6 percentage points over the same period a year ago, while average rate did so by 12.2%. These strong results led to a 17.6% surge in revpar, the greatest one recorded in 2019. A 10.6% increase in ancillary revenue also contributed to a 15.3% year-on-year climb in trevpar.

 

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