In February, Budapest and Warsaw hotels registered impressive surges in gross operating profit per available room (GOPPAR) of 78.5% and 54.1% respectively, according to the latest data from HotStats.
After a competitive tender procedure, NH Hotel Group's project 'nhow Amsterdam RAI' has been chosen as the winning hotel concept by The City of Amsterdam and Amsterdam RAI. The new building will be the largest hotel in Benelux and will be located at the Amsterdam RAI complex, one of the largest exhibition and conference centers in the Netherlands.
Private Companies Remain Bullish About Growth Forecasts and Hiring, Despite Concerns over Skills Gap, PwC Survey Finds
Millennials are a powerful segment of todays travelers, and their preferences and habits will help shape the future of travel preferences going forward. They are proving to be always connected, cost-conscious travelers that expect better access to online content, pricing information, along with quick response times to booking requests.
In year-over-year measurements, the industrys occupancy increased 4.3 percent to 69.8 percent. Average daily rate increased 6.5 percent to finish the week at US$120.07. Revenue per available room for the week was up 11.0 percent to finish at US$83.86.
In year-over-year results, occupancy was up 3.1 percent to 61.1 percent; average daily rate rose 4.7 percent to US$117.09; and revenue per available room increased 8.0 percent to US$71.56.
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