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Munich hotel rates hit 'post-recession high'

City benefits from busy events calendar at Messe München while Brussels hotel suffer from lagging security fears
10/11/2016

Pictured: Munich's Messe München, which helped hotels achieve record figures in September thanks to a busy events schedule


Munich hotels enjoyed a bumper September thanks to a packed events calendar at its main conference centre, while Brussels' ongoing security fears saw profit levels for its hotels plunge almost 60 per cent.


In the latest data from Hotstats, occupancy in Munich hotels stayed a strong 88 per cent for the month of September, helping average room rates (ARR) hit a "post-recession high" of €217.94. The September European Chain Hotels Market Review showed conference bookings were also up 9 per cent, along with food and beverage (+2 per cent).


It came in a busy period for Messe München, including the EASD annual meeting, which attracted more than 15,000 delegates, report authors pointed out.


Conversely, Brussels hotels saw year-on-year declines as occupancy fell 21 per cent to 64.5 per cent in September, and ARR fell from €156 to  €135 (-13 per cent), with report authors attributing it to lasting security fears. It meant year to date profits for hotels fell 57 per cent, despite savings in payroll (+ 10 per cent) and overheads (+ 1 per cent) on a per available room basis.


Meanwhile Rome hotels benefited from events relating to the Extraordinary Jubilee of Mercy, which helped occupancy rise 3 per cent to 87 per cent, which pushed ARR up to €223 (+ 3 per cent)



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