London has been ranked top European market
in revenue per available room (RevPAR) for 2006, according to data
presented by professional services firm KPMG and global benchmarking
provider The Bench.London achieved a RevPAR of EUR166.63, up 18.49% on last year. This was
driven by an average room rate (ARR) of EUR205.30 and Occupancy of
81.7%. London was closely followed by Moscow, boasting the highest ARR
at EUR222.53 ranking second in absolute RevPAR (EUR161.78), up 15.1% on
last year. Dubai ranked third with an absolute RevPAR result of
EUR156.03.

Global figures for 2006 show improved performances worldwide with RevPAR
growth in Europe rising by 11.61%; USA up 7.5% and Asia Pacific
increasing by 20.12%.

 

Nick Pattie, Director at KPMG’s travel, leisure and tourism practice
commented: “The continuing growth in 2006 RevPAR across all markets is
impressive and has exceeded previous peak performances for some
destinations. There is still headroom for further growth in many
regions, especially Asia, although the slowing level of US growth may be
an indicator of nearing the top of the cycle within the next couple of
years. We see 2007 as maintaining a strong performance in Europe.”
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