News - 4th Oct 2007

HotStats: Revpar growth accelerates in London

London's chain hotels enjoyed a month of increased revpar growth in August after a slowdown in the rate of growth in July.

Revpar increased by 8.3 per cent to £84.67 compared to the same month in 2006. The rise was entirely down to the capital's hoteliers pushing average rate up by 8.1 per cent to £98.91. Occupancy stayed flat at 85.6 per cent, a 0.2 point improvement.

Scottish cities outperform provincial average

In the provinces, occupancy dipped slightly by 0.7 percentage points to 73.8 per cent, and average rate growth was steady, up 3.5 per cent to £68.32, which resulted in an average revpar uplift of 2.5 per cent to £50.40.

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