Hotel revenue per available room (revpar) dropped by 6.9% in London and by 12.9% in the provinces in the week ending 23 May 2009, according to figures from hospitality research company STR Global.
London revpar fell to £110.65, down from £118.86 in the in the equivalent week of 2008. Occupancy grew by 1.6 percentage points to 86.8% but average room rate declined by 8.7% to £127.42.
In the same week, regional revpar slipped to £50.33 (2008:£ 57.78) on the back of a 3.8 percentage point drop in occupancy to 72.5% and an 8.3% decline in room rate, to £69.45.
Birmingham hotels suffered a smaller fall in revpar, which decreased by 10.3% to £43.75 on the back of a 2 percentage point drop in occupancy and a 7.7% reduction in room rate.
Hotel revpar for the 28 days to 23 May declined by 4.9% in London (to £103.81) and by 13.9% in the provinces, to £47.06. Birmingham hotels saw revpar decrease by 12.2% to £43.18.
By Angela Frewin
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