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Occupancy Softens in London’s Hotels in Q4 2019, Says Hotel Market Tracker
HVS | January 30, 2020
30 January 2020, London: Hotels in London saw RevPAR growth of 0.9% in Q4 2019, to £135.25 compared with the previous year, according to the latest UK Hotel Market Tracker: Q4 2019, produced by HVS London, AlixPartners and STR. Average occupancy for hotels in the capital dropped back slightly in the final quarter of the decade to 84.8%, although average room rates rose 1.9% to £159.53. The UK’s regional hotels saw RevPAR [rooms revenue per available room] fall in the quarter, down 2.7% to £50.73 and occupancy down marginally to 73.6%, while room rates fell by 2.1% to £68.94. “Softening occupancy will be a concern in London, p...
Q3 Proves Tough for UK’s Regional Hotels as RevPAR Falls Again, Reveals Latest Hotel Market Tracker
HVS | October 28, 2019
28 October 2019, London: Trading in Q3 for UK hotels has again showed a considerable contrast between those in London compared with the Provinces, according to the latest UK Hotel Market Tracker: Q3 2019, produced by HVS London, AlixPartners and STR. With London properties seeing rate-driven RevPAR [rooms revenue per available room*] growth of 5.1% to £145.97 year-on-year, hotels in the regions saw a decline of 1.3% to £63.42, the third consecutive quarter of decline. In London performance was largely boosted by strong room rates, up 5.3% year-on-year to an average of £165.69, despite a slight fall in occupancy of 0.3% to 88.1%. Perf...
