Through analyzing performance and gross operating data from their asset management clients across Europe, mrp hotels offers valuable insights into the current and expected developments and performance outlooks in the hotel markets. According to their analysis, city hotels have shown significant improvement in performance compared to the previous year, mainly due to rising average daily room rates. However, the performance of vacation hotels has declined due to increasing cost pressures.

The overall revenue per available room has shown positive development compared to 2019, driven by rising average rates. Although the gross operating profit per available room is 60% higher than the previous year, it still falls seven percent behind 2019 levels. Looking ahead, mrp hotels expects the positive trend in overall revenue per available room to continue, especially in the resort sector, with an expected increase of around 16% compared to the previous year.

The profitability is expected to improve if overhead costs stabilize, with higher booking levels being reported compared to the previous year. However, there is still uncertainty whether the forecasted rate increases can be achieved in the second half of the year. To learn more about mrp hotels' services and get valuable insights for your hotel business, you can contact their asset manager, Hannah Struck