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Weekly hotel revpar soars by 25.7% in London

16 December 2009 by
Weekly hotel revpar soars by 25.7% in London

Hotel revenue per available room (revpar) rose by 25.7% in London but dropped by 4.2% across the regions in the week ending 28 November 2009, according to figures from hospitality research company STR Global.

Revpar at London hotels increased to £127.15, up from £101.15 in the equivalent week of 2008. Occupancy soared by 12.3 percentage points, to 90.7%, while average room rate improved by 8.7% to £140.23.

In the same week, regional revpar fell to £45.97 (2008: £47.98). Occupancy rose by 0.2 percentage point (to 68.1%) but average room rate decreased by 4.4% to £67.53

Hotels in Manchester outperformed the regional average. Revpar increased by 1.2% to £57.51 (2008: £56.81) as a 4.2 percentage point rise in occupancy (to 78.6%) offset a 4.2% fall in average room rate to £73.16.

Hotel revpar for the 28 days to 28 November grew by 9.2% in London (to £118.69) but fell by 8.4% in the provinces, to £45.90. In Manchester, revpar dropped by just 1.9%, to £56.87, over the same period.

View the London and regional hotel figures for the week to 28 November 2009 >>

View figures for hotels in key cities for the week to 28 November 2009 >> By Angela Frewin

E-mail your comments to Angela Frewin here.

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