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Weekly revpar drops by 15.8% in London

24 March 2009 by
Weekly revpar drops by 15.8% in London

Hotel revenue per available room (revpar) plunged by 15.8% in London and by 18.9% in the provinces in the week ending 7 March 2009, according to figures from hospitality research company STR Global.

London revpar dropped to £82.12, down from £97.51 in the equivalent week of 2008. Occupancy fell by 7.2 percentage points to 71.9% while average room rate declined by 7.4% to £114.18.

In the same week, regional revpar plummeted to £42.78, compared with £52.74 a year ago, thanks to a 7.6 percentage point fall in occupancy to 62.6% and a 9.1% decrease in room rate to £68.30.

Edinburgh hotels fared worse, with a 38.5% decline in revpar (to £44.75) on the back of a 10.5 percentage drop in occupancy and a 28.3% fall in room rate.

Hotel revpar for the 28 days to 7 March 2009 fell by 9.9% in London and by 11.5% in the provinces. For the same period, revpar dropped by 12.8% in Edinburgh.

View the London and regional hotel figures for the week to 7 March 2009 >>
View figures for hotels in key cities for the week to 7 March 2009 >>

By Angela Frewin

E-mail your comments to Angela Frewin here.

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