The Caterer

Hotel revpar falls by 13.5% in London

26 February 2009 by
Hotel revpar falls by 13.5% in London

Revenue per available room (revpar) slumped by 13.5% in London hotels and by 20.3% in the regions in the week ending 7 February 2009, according to figures from hospitality research company STR Global.

London revpar fell to £79.24, down from £91.65 in the equivalent week of 2008.

Occupancy dropped by 6.5 percentage points to 68.8% while average daily rate declined by 5.4% to £115.17, down from £121.73 in the corresponding week of 2008.

In the same week, revpar in the provinces fell to £39.82 (down from £49.94) thanks to a 10 percentage point fall in occupancy and a 6.3% decline in room rate.

Revpar declined less steeply in Edinburgh hotels, falling by 19.4% to £43.50.

Revpar for the 28 days to 7 February dropped by 12.9% in London and by 14.9% in the regions, while Edinburgh hotels reported a 16.5% decline.

View the London and regional hotel figures for the week to 7 February 2009 >>

View figures for Edinburgh hotels for the week to 7 February 2009 >>

By Angela Frewin

E-mail your comments to Angela Frewin here. jobs
Looking for a new job? Find your next hotel job here with jobs

The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!