News - 12th Mar 2008

Latest Results for HotStats UK Chain Hotels Market

Rate growth continues to fuel London's profitability

A continuing push on room rates enabled London's chain hoteliers to increase profit in January.

Income before fixed charges (also known as gross operating profit) increased by 4.9 per cent in London to reach £47.97 per available room, compared to January 2007. With no change in occupancy, profit growth in the capital was the result of 6.5 per cent uplift in achieved average room rate to £111.02.

No change for profit in the Provinces

In the rest of the UK (referred to as the provinces) there was little change in profitability as room rate showed much steadier growth, and a slight drop in occupancy resulted in room RevPAR growth of 2.1 per cent.


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