UK Chain Hotels Market Review - March 2011
London hotels achieved profit levels 2.5 times higher than hotels in the Provinces during March, according to the latest HotStats survey of approximately 550 full-service hotels across the UK from TRI Hospitality Consulting. At £65.31, Gross Operating Profit per Available Room (GOPPAR) at London hotels in March was only slightly below the rolling 12 month average for the capital at £67.
London hotels achieved profit levels 2.5 times higher than hotels in the Provinces during March, according to the latest HotStats survey of approximately 550 full-service hotels across the UK from TRI Hospitality Consulting. At £65.31, Gross Operating Profit per Available Room (GOPPAR) at London hotels in March was only slightly below the rolling 12 month average for the capital at £67.78, but was significantly above the profit per room achieved in the Provinces, at £25.92. Furthermore, at 46.9%, the profit conversion of hotels in the capital was considerably above those in the Provinces, at 29.6% of total revenue.
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.