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UK revpar remains flat as analysts predict the top of the market

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UK revpar remains flat as analysts predict the top of the market

Revpar across the UK remained flat at the end of 2017 as analysts predicted the hotel sector had reached the top of the market.

Across the 12 cities recorded by the Q4 2017 Hotel Bulletin from AlixPartners only Belfast recorded double-digit revpar growth – at 14% – while London and Birmingham recorded a 1% decline.

After five consecutive quarters of revpar growth, London slipped as the pound strengthened against the dollar, deterring some tourism.

Edinburgh was the second best performer, with 7% revpar growth in the quarter. The city was a top performer in 2017, averaging 12% revpar growth for the year.

The worst performing of the 12 cities studied in the Q4 2017 Hotel Bulletin, which is compiled in conjunction with AM:PM, HVS and STR, was Bath, which showed a 4% decline in revpar, while in Aberdeen revpar slowed for a 12th consecutive quarter, though at 3% the decline looks to be slowing.

Edinburgh and Belfast lead UK revpar growth in third quarter >>

Bumper hotel openings across UK during first half of year >>

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