Regional weekly hotel revpar falls by 25%
Hotel revenue per available room (revpar) dropped by 14.6% in London and by 25.2% in the provinces in the week ending 11 April 2009, according to figures from hospitality research company STR Global.
London revpar fell to £82.04, down from £96.07 in the equivalent week of 2008. While occupancy edged ahead by 0.2 percentage points to 79.1%, average room rate dived by 14.8% to £103.71.
In the same week, regional revpar plunged to £38.89, down from £51.86 in the corresponding week of 2008. Occupancy fell by 9.4 percentage points to 61.6% and average room rate declined by 13.8% to £62.98.
Cardiff hotels fared better with revpar rising by 1.3% (to £45.82) as a 2.9% hike in average room rate counteracted a 1.1 percentage point drop in occupancy.
Hotel revpar for the 28 days to 11 April rose by 1.9% in London (to £89.10) but dropped by 6.4% in the provinces to £42.93. For the same period, revpar grew by 34.5% in Cardiff, to £53.43
View the London and regional hotel figures for the week to 11 March 2009 >>
View figures for hotels in key cities for the week to 11 March 2009 >>
By Angela Frewin
E-mail your comments to Angela Frewin here.
Caterersearch.com jobs
Looking for a new job? Find your next hotel job here with Caterersearch.com jobs
|