UK Chain Hotels Market Review October 2007 | Tri Hospitality

The UK’s chain hoteliers continued to achieve impressive profit growth in October, with IBFC per available room increasing by 10.1 per cent to £54.06, according to the latest HotStats survey from TRI Hospitality Consulting.

In London profit growth was even greater, with daily IBFC PAR climbing to £79.53, a 15.4 per cent improvement. Such a strong rise in profitability was driven by the capital’s hoteliers achieving the highest average rate ever.

Across the city average room rate soared past the £120 mark, increasing by 11.2 per cent to £122.42 compared to October 2006. This was considerably higher than our previously recorded London peak of £115.28 in November 2006.

Further details are available in attached document...

UK Chain Hotels Market Review – October 2007 The UK’s chain hoteliers continued to achieve impressive profit growth in October, with IBFC per available room increasing by 10.1 per cent to £54.06, according to the latest HotStats survey from TRI... Adobe PDF Document (Download Acrobat Reader) File Size: 115 Kb - Tuesday, 04 December 2007