UK Chain Hotels Market Review - January 2011
London Experiences Slow Down in Growth - High-End Hotels Star Performers
In January, whilst London hotels showed a Rooms Revenue per Available Room (RevPAR) increase of 3.3%, Gross Operating Profit per Available Room (GOPPAR) remained stable according to the January 2011 figures in the latest HotStats survey from TRI Hospitality Consulting.
"After the strong bounce-back in 2010, it was almost inevitable that London hotels’ profit performance would be subdued in what is usually a tough trading month for hotels. It will be interesting to see if this continues throughout the year on the back of an excellent 2010 in London,” said Jonathan Langston, managing director, TRI Hospitality Consulting.
About HotStats
HotStats, a Duetto company, is a global data benchmarking company offering specialized performance analysis and a benchmarking tool that helps analyze financial and operational data from a diverse range of hotels globally. This provides hotel owners, operators, and investors with valuable insights into the financial performance of their properties against their competition – an invaluable resource for weighing options and evaluating investment opportunities. For a quick demo, email us at [email protected] or visit www.hotstats.com.