Malmaison and Hotel du Vin owner MWB Group has reported a "softening in room rate" as the economic crisis starts to take its toll.
The trading statement, which focuses on the period from 1 July 2008 to 1 October 2008, shows the group's three divisions, which includes department store Liberty's, "continue to perform in line with the board's expectations, in spite of the continuing difficult market conditions".
However the company added in the trading statement that there had been "a softening in room rate reflecting a tightening of corporate demand".
In recent weeks, MWB has been linked with several bids for its hotels with rumored suitors including Bath Crescent hotel owner Von Essen.
MWB opened a 37-room Hotel du Vin in Poole at the end of September, taking its hotel total to 23 and more than 1,700 rooms.
A further three hotels will open during the remainder of the year with Hotel du Vin Newcastle opening later this month and Hotel du Vin Edinburgh and Malmaison Aberdeen launching in November.
By Gemma Sharkey
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