London hotels back on track thanks to rate increase

24 October 2013 by
London hotels back on track thanks to rate increase

London hotels produced a 6.4% increase in total revenues per available room (trevpar) in September following two months of negative year-on-year comparisons due to the Olympics effect, according to the latest UK Chain Hotels Market Review from HotStats.

Gross operating profit (goppar) also grew by 8.2%, mainly as a result of the 8.9% increase in average room rate (ARR) to £158.17 from £145.22 in September 2012. While there was a slight occupancy decrease of 0.6 percentage points to 88%, revenue per available room (revpar) increased 8.2% to £139.15.

Meanwhile, provincial hoteliers experienced the fourth consecutive month of increases in all key measure with trevpar and goppar up last month by 2.4% and 2.7% respectively.

Revpar growth of 4.8% was due to a 3.8% increase in ARR to £744.11 from £71.39 and a rise in occupancy by 0.7 percentage points to 79.9%.

The HotStats survey is carried out amongst 624 chain hotels with an average of 177 bedrooms, primarily in the three- and four-star sectors.

TagsTrends and Hotels
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking