In US dollar terms, Europe remains the revPAR king, with the highest absolute revPAR at US$104. This is around US$4 and US$9 higher than the Middle East and Asia Pacific respectively.
Even without as many sports and cultural highlights in 2007, hoteliers in Europe will feel pleased with this year's performance so far. Year-to-August revPAR increased 6.9% to €78. Although the pace of growth is marginally slower than the 8.5% seen in the same period last year, it is still impressive given the lack of events throughout the region.
While Athens hosted the UEFA Champions League Football, France hosted this year's Rugby World Cup, attracting hundreds of thousands of fans to Paris during September and October, filling hotel rooms in both cities.
Click here (
Adobe Acrobat PDF file) to download the complete article.
