Ref: P7141 - Apartment in Ibiza Balearic Islands

Ref: P7141 - Apartment in Ibiza Balearic Islands

MKG Consulting presents results from the program that tracks daily hotel results - Hotelcompset(R) - for November 2006 confirming that business is picking up speed in the hotel industry with a RevPAR up by 7.9%* across all categories. • MKG Consulting presents results from the program that tracks daily hotel results - Hotelcompset(R) - for November 2006 confirming that business is picking up speed in the hotel industry with a RevPAR up by 7.9%* across all categories.• On the first eleven months of the year the revenue per available room built is up by 6.5%*, in line with the forecast made by MKG Consulting at the Decision Makers Forum last March which was then revised in September (5% to 7% for the entire year 2006). Growth was up year round and the business year 2006 should close with the strongest growth in the RevPAR since 2000. • Pursuant to MKG Consulting's expectations, the positive hotel cycle, that began 2 years ago and continues, is characterized in 2006 by stronger growth of average daily rates throughout all categories. The 4* segment, moreover, benefits from strong growth in occupancy rates. Continued strong growth in November 2006 Preliminary results from the daily hotel statistics observatory at MKG Consulting for November 2006 establish growth in the revenue per available room at 7.9% across all categories, thanks to occupancy rates that improved by 1.6 points and growth in average daily rates by 5.3%. Such performance is all the more satisfying since results in November 2005 were already excellent despite urban violence throughout France. Moreover, Paris hotels did not benefit from the Batimat show that made a significant contribution to the good results of 2005.Results improved throughout the year as a result of the increase in business and leisure nights alike. The favorable development of hotel performance gains strength as the fiscal year 2006 comes to a close. While the first quarter ended with 2.6% growth in the RevPAR with respect to the first quarter 2005, the recovery gained momentum from one quarter to the next: