The Caterer

Thistle boosts turnover

23 August 2005
Thistle boosts turnover

Thistle Hotels boosted turnover from its 17 owned or leased hotels by 3% in the year to 30 June to £287.1m (2004: £279.3m).

Average room rate and revenue per available room (revpar) also increased across all its properties, although occupancy slipped slightly in the capital.

London Thistles boosted revpar from £60.20 to £63 on the back of rise in average room rate from £73.80 to £80. Occupancy fell by 2.7 percentage points to 78.8%.

Revpar at its provincial properties increased from £37.10 to £39 thanks to increases in both average room rate (from £55.20 to £57.10) and occupancy, which grew by 1.3 percentage points to 68.5%.

Thistle also manages 33 hotels for Atlantic hotels and other third parties. It is owned by Singapore's BIL International.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!