February 2018: Hotels in Europe Maintain Strong Profit Growth

Hotels in Europe maintained their strong start to the year by recording an 8.3% year-on-year increase in profit per room in February as growth was recorded across all revenue departments and was supported by cost savings, according to the latest worldwide poll of full-service hotels from HotStats. GOPPAR at hotels in Europe surged to €31.30 this month, which represented a tenth consecutive month of profit growth for hotels in the region, signalling a truly positive period of trading for properties in the region. The growth this month contributed to hotels in Europe recording a profit per room of €59.17 in the rolling 12 months to February 2018, which…