The
results in selected German city RevPAR growth in 2012 compared to
2011 are highlighted in the following table:
Munich +11
%
Nuremberg +10.5
%
Leipzig +8.8
%
Berlin +7.7
%
Stuttgart +7.4%
Dusseldorf +5.2
%
Hamburg +2.3
%
Hanover
+1.4 %
These
results can be compared to a very mixed performance in the rest of
Europe. Generally, the picture remains more difficult in the south.
In Italy the RevPARs of all the sampled cities (Rome, Bologne,
Florence, Milan, Venice) registered negative results. Spanish cities
such as Madrid, Seville and Zaragoza are also experiencing loses in
year to
year performance. However, all is not negative
on the Spanish market since Northern cities are still resisting well,
with Bilbao up by 4.2% and Barcelona by 3.8%.
Garry
White, CEO of European Cities Marketing said “the picture
changed quite dramatically in the last half of 2012. August was
generally a good month across European cities and there was
an after-glow from a series of international sports (including
the London Olympics)
big professional fairs and events. Now we are in a much
tougher tradingenvironment.
Daily rates however appear to be steady in the global gateways of
Paris, London and Rome and Copenhagen, Helsinki and Turin.”
