Both Barcelona and Brussels hoteliers reported significant year-on-year increases in gross operating profit per available room (GOPPAR) of 30.5% and 34.7% respectively, according to the latest data from HotStats.
April was a strong month for hotels in the Catalan capital with rises in average room rate (ARR) of 11.6% and occupancy of 3.7 percentage points, leading to a rooms revenue per available room (RevPAR) growth of 17.1% to €149.92. Additional increases were reported in revenues per available room derived from beverage (+24.0%), food (+15.3%) and meeting room hire (+14.9%) which further supported the total revenue per available room (TRevPAR) surge of 16.5%. Astute operating cost control and a notable decrease in payroll (-1.6 percentage points) resulted in departmental operating profit per available room (DOPPAR) rising by 23.7%. Overheads per available room climbed by 9.2% mostly due to sales and marketing labour costs increasing by 41.1%, but that was not enough to temper the GOPPAR growth of 30.5%.
Click to read full article: Hospitality Net