Hotel revenue per available room (revpar) dropped by 8% in London and by 11.7% in the provinces in the week ending 20 June 2009, according to figures from hospitality research company STR Global.
London revpar fell to £112.30, down from £122.13 in the equivalent week of 2008. Occupancy declined by 0.6 percentage points, to 84.4%, while average room rate shrank by 7.4% to £133.08.
In the same week, regional revpar fell to £52.52 (2008: £59.47) as occupancy slipped by 3.8 percentage points (to 72.5%) and average room rate decreased by 7% to £72.47.
Birmingham hotels suffered a lesser drop in revpar, which declined by 11.7% to ££45.06 (2008: £47.01). Occupancy declined by 2.8 percentage points but average room rate was static, falling by just one penny.
Hotel revpar for the 28 days to 20 June declined by 8.5% in London (to £101.18) and by 13.4% in the provinces, to £47.23. In Birmingham, revpar was down by 9.8% to £37.42.
By Angela Frewin
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