Xotel's European Hotel Analysis Report Q2 2012

While Banks and governments are struggling, the travel industry is definitely rising in Europe.

2012-07-20

ZANDVOORT, NETHERLANDS, July 20, 2012 (Press-News.org) While Banks and governments are struggling, the travel industry is definitely rising in Europe. Regardless of the economical challenges in the financial market over the last few months, European hospitality industry statistics show strong improvements. Xotels reports a 9,8% RevPar growth in Q2 for its independent hotel portfolio.

According to the statistics used for measuring hotel performance, both corporate and leisure travel are on a rebound. City destinations are benefiting from conferences, congresses and exhibitions, while weekends and holidays are flourishing in destinations across Europe. Even the weaker leisure markets like Brussels are showing a small increase in demand.

The Dutch hotel results show an 11% RevPar growth in Amsterdam and a 10% increase in Maastricht. The hospitality statistics in Belgium show a good increase in RevPar as well. Even though Spain is going through some rough times, travellers are not staying away. Xotels increased performance in by 8% in Mallorca and 16% in San Sebastian, where they also achieved a record 148% RGI(revenue generation index) in June.

Xotels has exciting prospects ahead of them with the opening of the Rimondi Grand Hotel & Spa Resort in Crete. They have also taken on the revenue management of hotels in Paris, Edinburgh and Miami, and are currently talking with properties in London and Berlin.

If you want to know more on how to increase a hotel's key performance indicators, visit Xotel's revenue management blog.

Website: http://www.xotels.com

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Xotel's European Hotel Analysis Report Q2 2012

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