The Caterer

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. jobs
Looking for a new job? Find your next hotel job here with jobs

The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!