Londons hotel revenue per available room, or
RevPAR, was the highest among European and Middle East cities last
year, according to a report by KPMG, a London-based hospitality
In 2006, London
achieved a RevPAR of $215.28 (based on a euro-to-dollar conversion
rate on Jan. 17), up 19.7% from 2005. Moscow ranked second with a
RevPAR of $209.03, an increase of 15% from 2005.
In third place was
Dubai with a RevPAR of $201.98, followed by Paris at
The cities that
rounded out the top 10 in Europe and the Middle East were
Amsterdam; Edinburgh, Scotland; Bath, England; Dublin; Berlin; and
All of the cities in
the top 10 in RevPAR posted an average hotel occupancy of 70% or
more during 2006.
KPMG also noted that,
aside from London, RevPAR was up for most cities in the U.K.,
including English cities Newcastle, York, Manchester, Bristol,
Birmingham, Southampton and Liverpool; Belfast, Northern Ireland;
Cardiff, Wales; and Aberdeen, Scotland.
According to KPMG,
Europes RevPAR was up 11.6% on average, compared with a 7.5% rise
in the U.S. But Europe lagged behind the Asia-Pacific region, which
registered a 20.1% increase.
managing director of The Bench, a provider of hotel market
information, called the U.S. result very respectable but added that
the outright winner was Asia, something we are going to have to get
In the U.K., Chappell
said that a combination of great market conditions and great
revenue management resulted in a 12% increase in RevPAR.
Nick Pattie, KPMGs
director of travel, leisure and tourism practice, said, The
continuing growth in 2006 RevPAR across all markets is impressive
and has exceeded previous peak performance for some
There is still
headroom for further growth in many regions, especially Asia, he
added, although the slowing level of U.S. growth may be an
indicator of nearing the top of the cycle with the next couple of
years. We see 2007 as maintaining a strong performance in