Istanbul tops the charts
Posted: Mon 13 Dec, 2010 2:38 PM
A recent report from Deloitte states that Istanbul has seen a 10% growth in revenue per available room (RevPAR) in 2010, due to its status as a European Capital of Culture.
Hotels in the Turkish capital are doing a 73% occupancy rate, with a 14% increase in occupancy rates. The report stated that the events organised in the city as part of the Capital of Culture project were a great draw for residents as well as visitors alike, as quoted by TourExpi.
The Deloitte report went on to cite Munich, Dusseldorf, Frankfurt and Cologne, all in Germany, as the fastest-growing hotel markets, with a 19% average growth rate. London recorded a similar increase. Tel Aviv in Israel was the only non-European city on the list, and recorded a 17% growth rate.
