Tourism Industry News
German cities come top in Europe
German cities are suffering least in Europe as a result of the global downturn. Cologne, Hamburg, Frankfurt, Munich and Berlin filled the top five places in a European study on RevPAR rates in 40 European cities.
RevPAR rates in all 40 cities fell into negative territory in the first quarter of 2009, according to the finding in the latest edition of the European Hotel Review, published by STR Global.
But the smallest fallers were all attributed to Germany – Cologne (-6.6%), Hamburg (-7.5%), Frankfurt (-9.9%), Munich (-12.3%), and Berlin (-14.0%).
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