uk hotel market tracker
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...
Sporting Fixtures Bring 6% Boost to London’s Hotels While the Provinces Feel the Squeeze
HVS | July 29, 2019
RevPAR in London’s hotels rose 6% in Q2 2019 on the back of visitors travelling to the capital to watch the ICC Cricket World Cup and the Major League Baseball, according to the latest UK Hotel Market Tracker: Q2 2019, produced by HVS London, AlixPartners and STR. On the back of both major sporting fixtures, London’s hotels saw average rates rise 5.6% to £157 year-on-year, with occupancy up 0.6% to 84%. It was a different story in the regions, however, despite a number of the cricket fixtures being held in Birmingham, Manchester and Southampton. Outside the capital, RevPAR was down by 0.9% for the quarter, average rate fell 0.6% to...
UK’s Provincial Hotels See First RevPAR Decline in Seven Years, Reveals Hotel Market Tracker
HVS | May 3, 2019
03 May 2019, London: RevPAR in the UK's regional hotels dropped 2.8% in Q1 2019, according to the latest UK Hotel Market Tracker: Q1 2019, produced by HVS London, AlixPartners and STR. This was in marked contrast to the fortunes of London's hotels, which saw like-for-like RevPAR up 3.6% against the previous year while occupancy reached 77%, up 1.7%, and average room rates rose 1.9% to £134.05. Strong performance in the last two quarters lifted the last 12 months' RevPAR 4.1%, despite a relatively subdued six months trading. In the regions hotel occupancy dropped 0.7% to 68% in Q1, with average room rate down 2.1% to £64.95 a...
Supply Increase Impacts Occupancy in UK’s Provincial Hotels, Says Hotel Market Tracker
HVS | January 30, 2019
30 January 2019, London: The fortunes of London's hotels compared with those in the provinces widened in Q4 2018 as occupancy in London rose by 5% year-on-year compared with a more modest 1% increase in hotels outside the capital. According to the latest UK Hotel Market Tracker: Q4 2018, produced by HVS London, AlixPartners and STR, average room rates in Q4 also rose by 5% in London's hotels, to £157.20*, boosting RevPAR [rooms revenue per available room] by an impressive 10%. RevPAR growth was 3% for the full year. Conversely in Q4 hotels in the provinces failed to see any growth in average room rates, causing RevPAR to plateau. ...
