Expo Milano boosts hotel industry results in Milan

Published on : Tuesday, December 8, 2015

str globalAccording to an analysis by STR Global, hotels in Milan, Italy, reported record-breaking performance in October and significant performance increases across the six months of Expo Milano 2015.



Aggregated data for Milan from May through October showed a 51.1% lift in revenue per available room when compared with the same six months from 2014. The absolute RevPAR of EUR129.09 was driven by a 17.8% increase in occupancy to 77.4% and a 28.2% rise in average daily rate to EUR166.68.



Of the six months the event covered, October provided the largest boost with RevPAR surging 75.1% to EUR167.66—the second highest monthly RevPAR value ever recorded for Milan and an October high for the market. Occupancy increased 26.3% to 90.8%—the highest absolute occupancy on record for any month in Milan.



August, generally the weakest month of the year for RevPAR in Milan, produced a RevPAR increase of 67.8% to EUR80.89.



According to Expo Milano, more than 20 million guests were expected to visit the event’s 1.1 million square meters of exhibition area.


Source: STR Global.

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 01 AIME 2018 BB
  • 02 WTM 2017
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 iitmindia 2017
  • 06 TTF-Surat 2017
  • 30 PATA


Get our toolbar!
Review www.travelandtourworld.com on alexa.com