Trading improving at CHE Group

20 December 2004 by
Trading improving at CHE Group

CHE Group, operator of branded hotels including Sleep Inn and Quality, has reported an "significant improvement" in performance for the 11 months to the end of November.

Group turnover was up by 6.6%, while in the UK like-for-like turnover rose by 3.4%, occupancy by 1.7 percentage points, room rate by 2.4% and revenue per available room (revpar) by 5.1%, CHE said.

"The performance demonstrates the improvement of business levels as the hotel sector continues to recover from the events that affected the industry for nearly three years," it added.

The company said the increase in revpar was driven by action taken earlier in the year to focus on yield management. But it added that "non-room sales growth in some areas has been disappointing".

Two new Sleep Inns are under construction, both due to open by summer 2005.

One new management contract, for the 136-bedroom Quality Hotel Stoke started during the year and two more are planned to start in the first half of 2005.

The company has signed up 17 new hotels under franchise deals, but kicked out 27 hotels for failing to meet the required standards.

Stuart Leven, currently sales and marketing director at Queens Moat Houses, will join CHE on 4 January as director of sales and marketing.

Buy this week's Caterer magazine for more industry news and analysis

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 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.

close

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