According to figures published by STR Global, Paris saw the biggest rise in average hotel rates in November (+12.21TP3Q) compared to the same period in 2010. The average nightly rate (Average Daily Rate, ADR) in the capital reached €227.32 last month. The Paris hotel industry also stood out for its growth in revenue per room (RevPAR): the capital was the only European destination, along with Budapest, to post a double-digit increase (+16.41TP3Q to €179.48).
More generally, as in October, European hotels are posting solid performances as 2011 draws to a close: "despite a deterioration in the general economic environment, demand remains on the rise, with an increase of 4.4% recorded last month", points out Elizabeth Randall, Managing Director of STR Global.
