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London revpar decline slows to 2.7%

18 February 2009 by
London revpar decline slows to 2.7%

The decline in revenue per available room (revpar) slowed to 2.7% at London hotels in the week ending 31 January 2008, according to figures from hospitality research company STR Global.

Revpar dropped to £89.36, down from £91.80 in the equivalent week of 2008.

Occupancy fell by 1.6 percentage points to 74.5% while average daily rate declined by 0.6% to £119.92, down from £120.69 in the corresponding week of 2008.

In the same week, regional hotels saw revpar decrease by 11.3% (to £41.69) thanks to an 8.1% fall in average room rate and a 2.3 percentage point drop in occupancy.

Revpar at Birmingham hotels declined by 18.2% but, at £40.11, was still higher than the provincial average.

Revpar for the 28 days to 31 January slumped by 15.6% in London and by 15.4% in the provinces. The fall was steeper among Birmingham's hotels, where revpar dropped by 18.2%.

View the London and regional hotel figures for the week to 31 January 2009 >>

View figures for Birmingham hotels for the week to 31 January 2009 >>

By Angela Frewin

E-mail your comments to Angela Frewin here.

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