Weekly hotel revpar soars nearly 17% in London
Hotel revenue per available room (revpar) soared by 16.9% in London but declined by 0.4% across the regions in the week ending 6 March 2010, according to figures from hospitality research company STR Global.
Revpar at London hotels increased to £100.67, up from £86.10 in the equivalent week of 2009. Occupancy grew by 5.4 percentage points, to 78.4%, while average room climbed by 8.8% to £128.45.
In the same week, regional revpar fell to £41.25 (2009: £41.43). Occupancy rose by 2.1 percentage points (to 63.3%) but was undercut by a 3.7% drop in average room rate, to £65.21.
Edinburgh hotels saw a steeper decline in revpar, which fell by 2.6% to £44.30 (2009: £45.50). This stemmed from a 0.6 percentage point drop in occupancy, to 63.9%, allied with a 1.8% reduction in average room rate to £69.32.
Hotel revpar for the 28 days to 6 March grew by 10.7% in London (to £100.08) but dropped by 0.4% in the provinces, to £42.55. In Edinburgh, revpar declined by 0.8%, to £49.14, over the same period.
View the London and regional hotel figures for the week to 6 March 2010 >>
View figures for hotels in key cities for the week to 6 March 2010 >>
By Angela Frewin
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