In September, hoteliers in the Dutch capital achieved Occupancy of 91.0% (+6.5pts y-o-y), reaching the 80%-mark for the calendar year performance (80.6%), according to the latest HotStats survey. This was complemented by a stunning 15.9% increase in average room rate (ARR) leading to a RevPAR surge of 24.9% to €220.72.
Non-rooms departments also contributed to the overall strong September performance with revenue increases per available room from food (+13.3%) at €39.29, beverage (11.4%) at €13.73 and most significantly with meeting room hire (+37.7%) at €9.49. As a result, total revenues per available room (TrevPAR) grew by 22.7% to €292.72. This revenue growth, enhanced by operational costs control and efficient payroll management delivered an increase in Gross Operating Profit per available room (GOPPAR) of 32.8% to €148.35, despite overheads rising by 9.6%.
Barcelona also showed positive year-on-year performance in September across all key performance indicators with a TrevPAR increase of 27.8% and GOPPAR increase of 55.3%. This performance helped to enhance a solid third quarter performance as both measures surged by 15.4% and 29.8% respectively.
Although Dublin experienced a remarkable occupancy of 91.3%, this result represented a 1.2 percentage points decline in comparison to the same month last year, but thanks to a 2.4% uplift in average room rate (ARR), RevPAR slightly increased by 1.1% to €152.02. However this gain in RevPAR was offset by a general decrease in the other main sources of revenues leading to a TrevPAR diminution of 2.0% to €244.20.
Hoteliers in Dublin managed to keep departmental profit conversion per available room (DOPPAR) flat at 56.1% of the total revenue. But an increase in overheads per room let derived from utilities costs (+8.2%), property and maintenance (+4.4%) and sales and marketing (+19.6%), combined with a payroll uplift of 1 percentage points impacted the profitability per available room by -2.6%.
Nevertheless, when looking at the third quarter performance, the RevPAR, TrevPAR and GOPPAR results confirmed the very positive year so far with increases by 4.5%, 2.9% and 7.4%.
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