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Deloitte: European hotels top rankings
Deloitte has revealed that European hotels were among the world's top performers in 2010, despite the slow recovery and the introduction of austerity measures.
According to the business advisory firm, London came third only to Sydney, Australia, and Seoul, South Korea, in the global occupancy rankings at more than 82 per cent. Geneva, Switzerland, and Venice, Italy, were revealed as the top two performing locations in terms of average room rate and RevPAR.
Four European cities - London; Paris, France; Istanbul, Turkey; and Zurich, Switzerland - appeared in the top 20 across all three performance rankings. Alex Kyriakidis, global managing director of tourism, hospitality and leisure at Deloitte, said: "RevPAR growth gained momentum [in London] during 2010 and the results were good despite the current economic uncertainty facing the UK economy.
"2011 may prove to be more challenging, however, as the city starts to see new hotel supply come on board in the run up to the 2012 London Olympic Games."
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