UK revpar up by 10% in first half of 2004
The UK hotel industry was the strongest in Europe in the first half of 2004, according to consultant Deloitte's latest HotelBenchmark survey.
Revenue per available room (revpar) rates rose by £5 to £60, a 10% increase on the same period in 2003.
London led the way as occupancy levels rose by 5% and the average room rate rose by £7 to £105. Revpar for the period reached £86, a 13% increase on the first half of 2003.
Deloitte expects the UK's recovery to continue, with London exceeding the previous highs seen in 2000/2001 by the end of 2005.
In the provinces improved occupancy rates helped revpar rise by 7% to more than £42, with the fastest increase in rate coming in June.
by Karl Cushing
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