Despite the inroads made by Airbnb and the objections of local residents against the ever-increasing flood of tourists in the Dutch capital, Amsterdam hotels are headed for record profits in 2017.

The popularity of Amsterdam among tourists and business people, particularly those headed for international congresses, continues unabated, the Financieele Dagblad said on Tuesday.

The average per-night price of a hotel room has shot up to €140 from €131 as the occupancy rate hovers around 83.7%, the highest level since 2000, the paper said, quoting figures from property advisory group Colliers.

Amsterdam has ‘a healthy mix of tourists and business people which contribute to a high occupancy rate, even at weekends,’ said Leon Dijkstra whose Hampshire Hotels group includes the American Hotel in Leidseplein.

NH Hotels, the Spanish hotel group which is the largest within the ring, and includes the Krasnapolsky Hotel on the Dam, is also pleased with Amsterdam. ‘Our turnover was up 11.8% in October,’ NH said in a statement over third-quarter earnings.

Foreign investors are attracted to Amsterdam with the buoyant hotel market and they are paying top prices averaging out at €427,000 a room. This equates to the price of a corner house in the city.