German hotel market shows significant growth

Despite the volcanic ash cloud shutting down airports across Europe, the German hotel market experienced strong growth in April 2010 as the economy recovered from recession.

Driven by a 6.4 percentage point increase in room occupancy and 43.3% increase in average room rate, Dusseldorf experienced Revenue per Avaible Room (RevPAR) growth of 62.5% with Gross Operating Profit per Available Room (GOPPAR) increasing by a staggering 249%. Similarly, Frankfurt experienced RevPAR growth of 69.2% and GOPPAR increased by 236.7%.

According to David Bailey, deputy managing director, TRI Hospitality Consulting “The German hotel market was hit hard by the recession in 2009 and as the economy continues to grow gradually, we are likely to see continued year-on-year increases in performance levels. These increases are, however, from a very low base and it is important to see them in this context”.

01.06.10