Weekly hotel revpar drops by more than 13%
Hotel revenue per available room (revpar) fell by 13.1% in London and by 13.7% in the provinces in the week ending 22 August 2009, according to figures from hospitality research company STR Global.
London revpar fell to £85.86, down from £98.78 in the equivalent week of 2008. Occupancy declined by 1.3 percentage points, to 80.2%, while average room rate shrank by 11.7% to £107.02.
In the same week, regional revpar fell to £45.51 (2008: £52.71) as occupancy slipped by 3.2 percentage points (to 69.6%) and average room rate decreased by 9.8% to £65.35.
Hotels in Edinburgh outperformed both London and the regions. Revpar declined by 6.4% to £110.84 (2008:£118.42) on the back of a 0.5 percentage point drop in occupancy to 94% and a 5.9% fall in average room rate to £117.97.
Hotel revpar for the 28 days to 22 August declined by 7.3% in London (to £99.11) and by 10.9% in the provinces, to £45.09. In Edinburgh, revpar dropped by 7.6% to £95.67.
View the London and regional hotel figures for the week to 22 August 2009 >>
View figures for hotels in key cities for the week to 22 August 2009 >>
By Angela Frewin
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