Weekly revpar falls by 4.8% in London and 9.4% in the regions
Hotel revenue per available room (revpar) fell by 4.8% in London and by 9.4% in the provinces in the week ending 15 August 2009, according to figures from hospitality research company STR Global.
London revpar fell to £100.88, down from £106 in the equivalent week of 2008. Occupancy grew by 1.3 percentage points, to 87.1%, while average room rate shrank by 6.3% to £115.79.
In the same week, regional revpar fell to £45.16 (2008: £49.86) as occupancy slipped by 1.8 percentage points (to 69.9%) and average room rate decreased by 7.1% to £64.57.
Hotels in Birmingham experienced smaller falls in performance, with revpar declining by 3.3% to £29.47 (2008:££30.48) on the back of a 0.1 percentage point drop in occupancy (to 57.6%) and a 3.1% contraction in average room rate to £51.13.
Hotel revpar for the 28 days to 15 August declined by 5% in London (to £106.33) and by 9.6% in the provinces, to £45.75. In Birmingham, revpar fell by 5.5% to £32.01.
View the London and regional hotel figures for the week to 15 August 2009 >>
View figures for hotels in key cities for the week to 15 August 2009 >>
By Angela Frewin
E-mail your comments to Angela Frewin here.
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk
Looking for a new job? Find your next hotel job here with Caterersearch.com jobs