While London hotels are trying
to work out what impact the Olympics will have on occupancy, hotels in Warsaw are counting the
profits following the Euro 2012 Football Championships.
The latest HotStats survey from TRI Hospitality Consulting
showed that as a result of the championships held in June, hotels in Warsaw achieved a 195.6
per cent increase in profit per room to €171.72. The growth in profit was fuelled by a 165.2 per cent
increase in Revenue per Available Room (RevPAR) to €206.22, which put Warsaw among the top performing cities polled in Europe in June.
With Olympic-related transport issues and bedroom price
hotels saw a 7.7 per cent decline in Gross Operating Profit per Available Room
(GOPPAR) in June - the first month since December 2011 that London's hotels have
seen a decline in this measure.
Other hotels in Europe, however, saw increases, including
Berlin which saw significant increases in the achieved rate in the corporate
(+19.2 per cent), residential conference (+12.4 per cent) and Best Available
Rate (BAR) segments as Berlin’s ICC hosted the 16,000-delegate international EULAR medical conference.
Other cities achieving considerable GOPPAR increases in June
included Amsterdam, Budapest,
Istanbul, Vienna and