European hotels top global revenue performance

Source/Contact: Caterer Search, 06/03/2008

European hotels continue to lead in global revenue performance, but could soon be challenged by the growth of tourism in other world regions, experts predicted today.  In the latest Global Ranking Index report, from consultancy Deloitte, Venice held onto first position for the fifth year running, with revpar rising 22% to ₤132.  Paris showed its consistent popularity coming in second with revpar of ₤124, a 23.3% increase, while Moscow rose from seventh to third place with its revpar going up 23.5% to ₤121.  London stayed in the top five holding on in fourth place at ₤111, an 18.5% growth in revpar.