From 2014 to 2019, the revenue per available room (RevPAR) of hotels in Milan increased overall. In 2014, the RevPAR of hotels in this Italian city reached about 83 euros. In 2015, it rose sharply to 108 euros. On this year, the city hosted the Milan Expo 2015, a large international exposition including 145 countries. In 2016, the RevPAR went down to 90 euros, then increased gradually during the following years. Eventually, it peaked at roughly 109 euros in 2019. The revenue per available room is a metric used in the hotel industry to understand the profitability of an accommodation. It is calculated by dividing the total revenues with the total number of available rooms in a specific period of time.
Revenue per available room (RevPAR) of hotels in the Italian city of Milan from 2014 to 2019
(in euros)
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Gabetti Property Solutions. (March 26, 2020). Revenue per available room (RevPAR) of hotels in the Italian city of Milan from 2014 to 2019 (in euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1121122/revenue-per-available-room-revpar-of-hotels-in-florence/
Gabetti Property Solutions. "Revenue per available room (RevPAR) of hotels in the Italian city of Milan from 2014 to 2019 (in euros)." Chart. March 26, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1121122/revenue-per-available-room-revpar-of-hotels-in-florence/
Gabetti Property Solutions. (2020). Revenue per available room (RevPAR) of hotels in the Italian city of Milan from 2014 to 2019 (in euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1121122/revenue-per-available-room-revpar-of-hotels-in-florence/
Gabetti Property Solutions. "Revenue per Available Room (Revpar) of Hotels in The Italian City of Milan from 2014 to 2019 (in Euros)." Statista, Statista Inc., 26 Mar 2020, https://www.statista.com/statistics/1121122/revenue-per-available-room-revpar-of-hotels-in-florence/
Gabetti Property Solutions, Revenue per available room (RevPAR) of hotels in the Italian city of Milan from 2014 to 2019 (in euros) Statista, https://www.statista.com/statistics/1121122/revenue-per-available-room-revpar-of-hotels-in-florence/ (last visited November 21, 2024)
Revenue per available room (RevPAR) of hotels in the Italian city of Milan from 2014 to 2019 (in euros) [Graph], Gabetti Property Solutions, March 26, 2020. [Online]. Available: https://www.statista.com/statistics/1121122/revenue-per-available-room-revpar-of-hotels-in-florence/
