UK Chain Hotels Market Review - September 2011
London hoteliers back on track for a record breaking year
Following the decline in profitability in August, hoteliers in London bounced back in September, according to the latest HotStats survey. There was a 10.4% increase in profit per room as the capital continued to smash records, the TRI Hospitality Consulting survey of approximately 550 full-service hotels across the UK showed. The 10.4% increase in September contributed to yearto- date profit growth of 8.4% to £69.15 from £63.
Following the decline in profitability in August, hoteliers in London bounced back in September, according to the latest HotStats survey. There was a 10.4% increase in profit per room as the capital continued to smash records, the TRI Hospitality Consulting survey of approximately 550 full-service hotels across the UK showed. The 10.4% increase in September contributed to yearto- date profit growth of 8.4% to £69.15 from £63.79 during the same period in 2010. For the month, at £85.64, profit per room at London hotels was approximately 24% above the year-to-date average and approximately 14% above the pre-recession high of £74.84, achieved in September 2007.