UK Hotel Sector Can Breathe a Small Sigh of Relief
HVS | March 12, 2020
The Chancellor of the Exchequer has announced a number of measures in his Budget statement which should assist the UK hotel sector in the wake of the coronavirus, which has already precipitated a number of events and overnight stays in hotels to be cancelled or postponed, thereby causing a fall in hotel occupancy. The Chancellor has singled out the sector to receive a number of benefits which will help to reduce some of the pain, especially for smaller businesses – and not therefore for the larger enterprises that make up the vast majority of the sector. These measures include: Firms with fewer than 250 staff will be refunded for si...
UK Q3 Ends on High Note With RevPAR and GOPPAR Gains
November 14, 2019
The third quarter ended on a high note for U.S. hotels, as September profit per room climbed year-over-year, indication that the current cycle still has teeth. GOPPAR in the month was up 1.9% over the same time last year, part of a third quarter that saw profit grow 0.2%, dragged down by a challenging July when GOPPAR decreased 2.0% YOY, according to data from HotStats. September’s bottom-line rise was fueled by a 1.1% YOY jump in RevPAR, led wholly by a 1.4% increase in average room rate. Occupancy for the month was down 0.3 percentage points YOY. The corporate segment led the growth in RevPAR, with a stout 5.1% YOY increase in ra...
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...
RevPAR High Note Shattered by Profit Din at UK Hotels
HotStats | August 26, 2019
In a scenario that’s becoming exceedingly familiar, and one that illustrates the frequent occurrence of revenue and profit misalignment, RevPAR at hotels in the UK hit a high in July, but GOPPAR turned negative, sapped by rising costs, according to the latest data tracking hotels from HotStats. July is historically a peak month for UK hotels, with high occupancy enabling premium pricing that helps fuel top-line performance. This year was no different, with hotels recording a 1.0% increase in RevPAR to £117.25, led by 86.6% room occupancy coupled with a 1.5% year-over-year increase in average room rate to £135.52. The growth in Re...
Rising Costs Prove Challenge to UK Hotels Prompting Slowdown in RevPAR Growth
HVS | November 8, 2017
08 November 2017, London: Some investors could become increasingly wary of hotel assets as RevPAR plateaus amid predictions of labour shortages and increasing costs, according to Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR (rooms revenue per available room) at 5% was the lowest level since Q1 2016, although the long-term outlook for UK hotels remains firmly positive. While these results outpace UK GDP growth, which has averaged below 1% in the same period, the impact of a lower growth environment, global political uncertainty and an increas...
Double Digit Growth for UK’s Hotels, but Room Rates Beginning to Plateau, says HVS Hotel Bulletin
HVS | February 12, 2015
12 February 2015, London: The UK's hotels saw average RevPAR grow by double digits in the last trading quarter of 2014, according to the latest Hotel Bulletin: Q4 2014 published this week by HVS, Zolfo Cooper and AM:PM. The Bulletin reveals hotels across 12 key UK cities surpassed pre-downturn RevPAR (revenue per available rooms) with a 19% average year-on-year increase. Only Belfast, Birmingham and Newcastle were marginally short of this goal. "The strong performance by UK hotels should have resulted in improved profitability and helped to boost values. We would expect this to be sustained throughout 2015 and potentially beyond with th...
Dorchester Collection Grows Sales Team for Three UK Hotels
Dorchester Collection | September 3, 2013
London - 3 September 2013 - Dorchester Collection's three hotels in the United Kingdom - iconic British classic The Dorchester, contemporary Mayfair alternative 45 Park Lane, and luxury country house hotel Coworth Park - today announced new appointments to the area sales team to manage fast growing international interest in the UK's luxury travel sector post Olympics. James Partridge has been appointed to area director of sales from his previous position as director of group and event sales held since June 2011, during which time he restructured the department effecting strong revenue growth. Prior to joining Dorchester Collection, Jame...
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