Hospitality Athens Tops European League with Hotel Occupancy Growth in November by GTP editing team 24 December 2014 written by GTP editing team 24 December 2014 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 14 Athens, Greece. Photo © Facebook – ΟΙ ΟΜΟΡΦΙΕΣ ΤΗΣ ΕΛΛΑΔΑΣ ΜΑΣ The Greek capital, Athens, once again reported the largest occupancy increase and revenue per available room (RevPAR) growth in Europe, according to data released on Tuesday by STR Global on the European hotel industry for November 2014. More specifically, the occupancy rate of Athenian hotels last month rose 15.3 percent to 61.5 percent, which was the largest increase in Europe. The Greek capital’s hotels also experienced the largest RevPAR increase of 17.6 percent to 56,54 euros. Two other European markets also reported double-digit occupancy increases: Lisbon, Portugal (+12.2 percent to 65.5 percent), and Budapest, Hungary (+10.5 percent to 65.2 percent). Following Athens, other markets that reported RevPAR increases of more than 15 percent were Budapest (+17.5 percent to 42.46 euros) and Lisbon (+15.8 percent to 53.31 euros). The largest occupancy decreases in Europe for the month of November were recorded by Vilnius, Lithuania (-14.2 percent to 59.8 percent) and Moscow, Russia (-11.1 percent to 60.7 percent). Moscow also reported the largest RevPAR decline, falling 38.4 percent to 56.21 euros. European RevPAR expected to grow in December “In November 2014, Europe as a region had a revenue per available room growth of almost six percent (74.28 euros),” said Elizabeth Winkle, managing director of STR Global. In regards to December, a typically a growth month for Europe, STR Global expects the year to conclude with RevPAR growth in excess of 5.5 percent. “If this level of performance occurs, this will be the highest RevPAR in the last four years in Euro terms,” she said. STR Global benchmarks hotel data for over 6.4 million hotel rooms worldwide. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Region of Central Macedonia Reveals Plans for a 12-month Tourism Season next post Panepistimiou Ave, Faliro Coast Projects Shelved, Despite Minister’s Assurances You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 Greek Hotels See Revenue Boost in 2024, Driven by Higher Room Prices 4 February 2025 European Aviation Sector Calls for Stronger EU Support to Reach Net-Zero by... 4 February 2025 Flisvos Beachfront Apartments Offers Seaside Stays on Skopelos Island 4 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ