文档介绍：European Hotel Valuation Index 2006
This report is produced by the London office of HVS International March 2006
Kristin Thorsteinsdottir and Karen Smith
increased by 32%. This increase was driven largely by both
Highlights occupancy (up by ten percentage points) and average rate (up by
almost 25%); this led to an increase in RevPAR of 44%.
• The European Hotel Valuation Index (HVI) shows that hotel
values (expressed in euro) achieved a second consecutive year of • Hotel values in Moscow are continuing to reach for the skies, and
growth. On average, values across Europe increased by 5% in a double-digit increase was again recorded this year. Values in the
2005, compared with an increase of 3% in 2004. These rises in city have now seen double-digit increases for six consecutive
value followed three years of decline. The European average hotel years, with the exception of 2003 when they recorded an increase
value is now back at the level achieved in the peak year 2000, of ‘only’ 9%. This now gives Moscow an average value of €240,910
although much of this has been driven by growth in Eastern per room, placing it above the Europewide average for the first
European markets. Many markets, such as Milan, Zürich, Geneva, time.
Rome, Budapest and Edinburgh, have indeed surpassed the 2000 • Despite a dramatic increase in values in 2005 of 8% (the seve