Hotel revenue per available room (revpar) fell by 12% in London but rose by 0.4% in the provinces in the week ending 29 August 2009, according to figures from hospitality research company STR Global.
London revpar fell to £77.16, down from £87.71 in the equivalent week of 2008. Occupancy declined by 2.3 percentage points, to 74.3%, while average room rate shrank by 9.4% to £103.83.
In the same week, regional revpar edged ahead to £46.85 (2008: £46.68) as occupancy grew by 1.8 percentage points (to 71%) and average room rate decreased by 2.2% to £65.98.
Hotels in Cardiff under-performed the regional average, with revpar dropping by 4.3% to £37.76 (2008: £39.45) on the back of a one percentage point fall in occupancy (to 67.3%) and a 2.9% decline in average room rate to £56.10.
Hotel revpar for the 28 days to 29 August declined by 9.3% in London (to £91.34) and by 8.6% in the provinces, to £45.42. In Cardiff, revpar plunged by 15.5% to £39.63.
By Angela Frewin
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