The Caterer

Hotel revpar falls by 13.8% in London

10 March 2009 by
Hotel revpar falls by 13.8% in London

Revenue per available room (revpar) dropped by 13.8% in London hotels and by 9.9% in the provinces in the week ending 21 February 2009, according to figures from hospitality research company STR Global.

London revpar dropped to £86.86, down from £100.80 in the equivalent week of 2008. Occupancy fell year-on-year by 5.2 percentage point (to 75.6%) and average daily rate declined by 7.8% to £114.92.

In the same week, revpar in the regions decreased to £43.72 (down from £48.51) thanks to an 8.3% reduction in daily rate to £65.01 and a 1.1 percentage point fall in occupancy to 67.3%.

Manchester outperformed the provincial average with a 2.8% decline in revpar which stemmed from a 3.9 percentage point rise in occupancy.

Revpar for the 28 days to 21 February fell by 8.8% in London and by 11.8% across the provinces. Manchester's hotels experienced a greater decline in revpar of 13.6%.

View the London and regional hotel figures for the week to 21 February 2009 >>
View figures for Manchester hotels for the week to 21 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!