Hotel revenue per available room (revpar) dropped by 8.1% in the regions but edged ahead by 1.5% in London in the week ending 24 October 2009, according to figures from hospitality research company STR Global.
Revpar at London hotels advanced to £112.09, up from £110.43 in the equivalent week of 2008. Occupancy grew by 3.7 percentage points, to 86.1% while average room rate shrank by 2.8% to £130.19.
In the same week, regional revpar fell to £47.61 (2008: £51.82) as occupancy dropped by 0.7 percentage points (to 71.2%) and average room rate decreased by 7.2% to £66.92.
Cardiff hotels outperformed the regional average, boosting revpar by 16.7% to £58.13 (2008: £49.82) on the back of a 7.3 percentage point rise in occupancy (to 83.6%) and a 6.5% hike in average room rate to £69.53.
Hotel revpar for the 28 days to 24 October declined by 1.1% in London (to £111.83) and by 9.6% in the provinces, to £48.40. In Cardiff, revpar rose by 5.9% to £49.16 over the same period.
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