Wales Tourism and Visit Planning

MKG Reports Preliminary Results For 2004 For The Hotel Industry In Europe

Holiday In Wales * In 2004, revenue per available room (RevPAR) rose by 3.7% at the EU level.

To complement the exhibition, a conference programme is planned, which will cover a number of topical issues and provide further information about many aspects of the spa industry. Monaco itself is one of the spa capitals of Europe, with its very own spa, Les Thermes Marins de Monte Carlo, which combines the ancient traditions of the classic spa with the latest in marine therapy. In addition, Carlo will feature a spa by ESPA, scheduled for completion at the end of 2004 and the luxury boutique hotel Le Port Palace is home to the first and only Cl de Peau Beaut Institute in the West outside Japan.

Holiday Wales * Rooms revenue incl. of tax for corporate chains grew by around 5% to reach 24 billion euros incl. of tax.

St. Director of Tourism Since 1998 Mr. Peter Hilary Modeste has served, as the Director of Tourism of the St. Lucia Tourist Board. President of the St. Lucia Hotel & Tourism Association, Mr. Modeste has been employed within the tourism sector for a number of years. He was educated at the University of Wales and is married with three children. A former Minister of Education, Mr. Modeste has served on a number of national organizations including the St. Lucia Development Bank.

Cottage Holiday In Wales * The United Kingdom is at the head of the recovery. Germany registered a rise in growth above the European average.

Bill Davis May 2004 » Next Image Previous Image « Last month, we covered the preliminary planning you need to do before you begin your video project. And we outlined a typical workflow for logging and capturing the clips that will form the building blocks of our family history video. This month, we move on to building our timeline, ordering and trimming our individual clips and then previewing the results to check the pacing for our program.

Caravan Holiday In Wales These preliminary results stem from the MKG Consulting database, and are based on the data of results available as of 11/01/05. They will be updated upon the reception of difinitive results from chain hotels for the month of December 2004.

The internet has revolutionised the way we plan our holidays, low cost airline easyJet has said. With travel insurance policies and hotel rooms along with cheap flights all bookable online, travel websites are playing an increasingly central role in the tourism industry. "The internet has essentially revolutionised the travel industry. "It means you have greater choice, people always love a bargain, it gives you that choice it gives you flexibility and it gives you great value for money, all at your fingertips…it's all about your personal choice."

Camping Holiday Wales The European hotel industry picked up with economic growth in 2004
In 2004, the annual assessment of the European hotel sector posted an improvement of 3.7% in RevPAR versus 2003. After three years of consecutive falls in the revenue per available room, it is with relief that professionals of the sector observed a return to growth in 2004, with occupancy rates that rose along with the average daily rates. These trends lead one to envision an improvement in rooms revenue for the corporate chain hotel industry, which should be over 5% for a total of 24 billion euros including tax.

Business growth rate was 3.5% in 2004. Although the March 2004 bomb attacks did initially affect business in Spain, specially in the tourism and transport industry, the city has since recovered, to the point where Madrid is experiencing a greater business growth rate since the attacks. Madrid has been pointed as an expanding city with many opportunities in the communications arena, as well as in the construction business. The fact that David Beckham was signed by Real Madrid

Accommodation Holiday Wales The United Kingdom and Austria leading the recovery
The recovery that was seen in 2004 hides situations that vary between the countries. In Austria and the United Kingdom, the recovery process was well underway in 2004 with sustained growth in RevPAR. These countries were a part of those that were hit the earliest and hardest by the slowdown in business in 2001 with large drops in average daily rates.

Holiday Last Minute Wales Among the large European countries, Germany presented one of the best recoveries of the year. The rise in RevPAR in 2004 passed 4%, and was largely sustained by the rise in occupancy rates. The German chain hotel industry is largely characterised by occupancy levels are generally low, with large differences between weekdays and weekends, falls in occupancy in the summer and a large dependence on business customers.

Catering Holiday Self Wales German upmarket hotels have therefore also had the objective of developing a more diversified business mix, via sales policies marked by large rate hikes during fairs and exhibitions. Another element that explains the difficulties in increasing rates: the overcapacity of numerous large cities in the country.

Holiday Wales Walking France posted results that were slightly below the European average (+2.3% increase in RevPAR). With a very large economy hotel supply (0*, 1*, 2*), the results of the sector in France present a smaller degree of variation, both in the recession and recovery periods.

Family Holiday Wales Thus, in the majority of these countries, the year 2004 will remain a year of recovery. Certain economic factors have nonetheless been able to limit the strength of the recovery: notably the unfavourable euro/dollar exchange rate for American customers and the rise in the price of oil, which has trickled down to airline companies and their rates. The year 2004 will nonetheless mark a return to growth for the majority of European countries. In the large hotel countries such as France (-2.4% in 2003), Germany (+3.1%) and the United Kingdom (+2.3%), the 2004 fiscal year will even allow forgetting a delicate 2003.

Holiday Riding Wales For the year 2005, the rise in RevPAR should continue. At the level of the European Union, GDP growth was forecasted by OECD to be equal to those seen in 2004 (+2.1%), far above 2003 (+0.9%). MKG Consulting's econometric analyses confirm the impact of these change in GDP on hotel activity. The midscale and upscale segments, more sensitive to the business climate, should notably register significant improvements in their RevPAR. France and Germany should see their results progressively come closer to those of the United Kingdom, which has is already well in its recovery phase this year.

Adventure Holiday Wales Methodology - The MKG Consulting Database for Europe contains a sample of 6,000 corporate chain hotels, representing 600,000 rooms in Europe. The data, gathered monthly and for each hotel, is redressed according to the category within the corporate chain hotel supply and by the weight of each country in the European Union. MKG consulting has the largest hotel database in the world outside the USA, with an excellent representation of all the hotel segments.

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