UK hotel revenue falls in first quarter of 2008

06 May 2008 by
UK hotel revenue falls in first quarter of 2008

The UK hotel industry saw revenue fall in the first quarter of 2009, according to new research from Deloitte.

UK hotel revenue per available room (revpar) fell 0.5% fall in the first three months of the year, according to Deloitte's latest HotelBenchmark survey.

Despite this nationwide drop, revpar in London increased in the first quarter in by 3.4%.

In the final three months of 2007 revpar growth was 10.5%.

Regional UK hotels also saw a 1.5% increase in average room rate, bringing the average cost to £65.

Marvin Rust hospitality managing partner at Deloitte, said that overall the first quarter had been a positive one for hotels in London and the rest of the UK.

"Although the industry's growth story is showing signs of slowing, the fact that there has been room rate growth is a big plus for hoteliers given the current economic conditions," said Rust.

Revpar declines by 2% at London hotels >>

The Bench: London weekly hotel performance to 27 April, 2008 >>

Industry data: TRI HotStats: Hotels 2007 Europe >>

Hospitality can still make money during the credit crunch >>

By Gemma Sharkey

E-mail your comments to Gemma Sharkey here.

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