Revpar falls by 4.2% in London hotels
Revenue per available room fell by 4.2% in London hotels and by 5.3% in the provinces in the week ending 14 February 2009, according to figures from hospitality research company STR Global.
London revpar fell to £84.52, down from £88.26 in the equivalent week of 2008.
Occupancy declined by 3.8 percentage points to 72.2% while average daily rate fell by 0.8% to £117.14.
In the same week, revpar in the provinces fell to £45.43 (down from £47.95) thanks to a 2.6 percentage point fall in occupancy to 65.2% and a 1.5% fall in average daily rate to £69.47.
Cardiff bucked the downward trend with a 30.6% boost to revpar (to £60.49) on the back of a 35.3% hike in average room rate.
Revpar for the 28 days to 14 February declined by 11.1% in London hotels and by 12.7% across the regions. Cardiff hotels experienced a lesser decline in revpar of 7.1%.
View the London and regional hotel figures for the week to 14 February 2009 >>
View figures for Cardiff hotels for the week to 14 February 2009 >>
By Angela Frewin
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