Fairmas hotel ticker: March 2015
Hotel performance February 2015 in comparison to previous year
In February 2015, Dresden hoteliers had to face severe losses in both the corporate and leisure sectors. There were few conferences and meetings in the city, partly because of the two weeks of winter holidays. The weak rouble meant that fewer Russian guests showed up. Furthermore, media coverage of the anti-Islamic Pegida demonstrations resulted in leisure guests opting for other destinations. Occupancy fell by 9% and ADR by 3%, resulting in a decline in RevPAR of approx. 12%.
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