2009 revpar slumps at Millennium & Copthorne | caterersearch.com
Millennium and Copthorne Hotels (M&C) today revealed that it experienced a dramatic decline in group revenue per available room (revpar) in the first five weeks of 2009. The biggest decline suffered in revpar was seen at the group’s three New York hotels, which fell by 41%, while Asian hotels saw a fall of 20%. London, however, suffered a lower 4% decline as the weak pound served to draw more visitors to the UK capital
