Weekly revpar falls by more than 10% in the regions

by Angela Frewin, Wednesday 26th August 2009 07:00

Hotel revenue per available room (revpar) fell by 6.7% in London and by 10.4% in the provinces in the week ending 8 August 2009, according to figures from hospitality research company STR Global.

London revpar fell to £102.83, down from £110.25 in the equivalent week of 2008. Occupancy fell by 0.5 percentage points, to 86.4%, while average room rate shrank by 6.2% to £119.01.

In the same week, regional revpar fell to £44.41 (2008: £49.55) as occupancy slipped by 1.6 percentage points (to 69.9%) and average room rate decreased by 8.3% to £63.55. Manchester hotels fared worse, with revpar falling by 10.5% to £37.44. Although occupancy in Manchester grew by 1.7 percentage points to 62.9%, average room rates slumped by 13% to £59.49.

Hotel revpar for the 28 days to 8 August declined by 9.8% in London (to £110.85) and by 11% in the provinces, to £46.86. In Manchester, revpar fell more sharply, by 19.1% to £41.48.


View the London and regional hotel figures for the week to 25 July 2009 >>
 
View figures for hotels in key cities for the week to 25 July 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


Caterersearch.com jobs

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



 

Blogs on Caterersearch.com
Catch up with more news and gossip on all Caterer's blogs
Newsletters
For the latest hospitality news, sign up for our e-mail newsletters.

Featured video - for more, visit Caterer and Hotelkeeper’s YouTube channel >>

    Caterer and Hotel Keeper Jobs
    Most ReadLatest Articles
    Most ReadMost Viewed Articles
    Related Industry Resources
    Sign up to Caterer and Hotelkeeper
    Mobile Site
    Also on Caterer and HotelKeeper
    Blogs