HVS London is pleased to present UK Hotel Bulletin: Q2 2013
AM PM Hotels: Hotel Data and Intelligence
Profitability growth returned to the regions in Q2 2013 for the first time on a last twelve months basis since the downturn.London also recorded positive results; however weak comparators, due to the Diamond Jubilee, masked what was otherwise aflat quarter. This issue's city focus is on Liverpool, a hotel market that has doubled in size in the last decade.
Performance continues to improve
Both London and the regions recorded RevPAR increases in Q2 2013, albeit on the back of weak comparators in the previous quarter due to the Diamond Jubilee and Easter falling in Q2 2012. Out of the 12 cities covered in our report, ten recorded RevPAR increases. Input costs have generally increased, however staff restructuring schemes have begun to result in significant payroll savings. Improvedrevenue performance and cost control has resulted in the regionsreturning to profit growth on a LTM basis for the first time since thedownturn.
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HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.