UK Chain Hotels Market Review - June 2011
London hoteliers record yet another month of huge profitability growth
June 2011 represents the 19th month of year-on-year profitability growth for London hoteliers since the collapse of Lehman Brothers triggered the current economic downturn in September 2008, according to the latest HotStats survey of approximately 550 full-service hotels across the UK by TRI Hospitality Consulting. This month hoteliers in the capital recorded a growth in Gross Operating Profit per Available Room (GOPPAR) of 17.6% to £94.
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