The Bench unveils Dec growth in Europe

Western Europe saw double digit RevPAR growth of 12.4% in December. Having risen rates by 8.1% to EUR123.04 and Occupancy from 59.2% to 61.6% overall December was a strong month for Europe.Year end results show performance improving upon last year with RevPAR up 11.5% to EUR91.73 having gained 7% in ARR, rising to EUR126.18 for 2006. In addition, Occupancy also rose to 72.7% up from 69.7% last year.

James Chappell, Managing Director of The Bench said, “2006 has been an interesting year for Western Europe, not least due to the impact of the World Cup games on the German cities but also due to the strong demand experienced by most of the European cities. Western Europe has closed 2006 with a healthy growth in RevPAR upon last year of 11.5% and further growth is expected in 2007.”