European hotel profitability levels tumble for third consecutive year
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Hotels across Europe reported the third consecutive year of profitability declines according to a new report released by the HotelBenchmark Survey by Deloitte. In 2003 the European hotel industry converted just 34 percent of revenue to profit compared to 39 percent in 2000. As a consequence profitability per available room has fallen by over 5,000 […]
Hotels across Europe reported the third consecutive year of profitability declines according to a new report released by the HotelBenchmark Survey by Deloitte. In 2003 the European hotel industry converted just 34 percent of revenue to profit compared to 39 percent in 2000. As a consequence profitability per available room has fallen by over 5,000 euros since 2000 â
