HotStats UK Chain Hotels Market Review – November 2013
hoteliers in Scotland experienced a 6.3% increase in total revenues per available room (TrevPAR) and a 6.5% rise in gross operating profit per available room (GOPPAR), representing 14 consecutive months of year on year increases, according to the latest HotStats survey.
helped to increase revenue per available room (RevPAR) by 5.5% to £57.65. Additional revenue growth per available room in beverage (14.7% to £11.52), food (8.1% to £22.68) and meeting room hire (2.6% to £4.30) as well as leisure (4.8% to £4.80) contributed to a TrevPAR uplift of 6.3% to £104.05, compared to £97.92 for the same period last year.
Efficient operational cost control enhanced departmental operating profit per available room(DOPPAR) by 6.8% to £54.62 and this, coupled with a significant drop in overheads per available room by 7.0% and a minor increase 0.3 percentage point in payroll produced a GOPPAR surge of 6.5% to £27.30.
November fireworks for Leeds’ hoteliers!
Leeds hotels in November
Both occupancy and ARR surged by 6.1 percentage points to 83.4% and 6.4% to £71.17 leading to a14.9% increase in RevPAR to £59.32. Segment mix changed with rises in the volume of Best Available Rate (B.A.R.), residential conferences as well as tours & groups, which cancelled out a slight decline in corporate and leisure sectors, the two biggest segments.
Non-rooms revenues growth per available room derived from food (+7.9%), beverage (9.9%),meeting room hire (18.0%) and leisure (2.6%) led to a TrevPAR rise of 11.0% to £113.04. Astute operational cost control helped to convert revenue gains into a 16.8% increase in DOPPAR to £63.23. Although overheads per available room rose notably by 10.0%, payroll decreased by 1.8 percentage points and GOPPAR consequently increased by a stunning 22.1% to £36.95.
Southampton gets RevPAR increase but profit decline
In November, hotels
On a calendar year basis, the picture is still positive with hoteliers in Southampton experiencingincreases in TrevPAR and GOPPAR by 3.0% and 2.2% respectively, but GOP conversion deteriorated slightly to 25.5% from 25.7% compared to the same period last year.
The hotels profiled in this report are drawn from the HotStats database and reflect theportfolios and distribution of the hotel chains that we survey and which operate in the full-service sector.
Please note: The data samples are reviewed and rebased each year to reflect the changes inthe HotStats survey base. As a result, performance ratios published last year may differ from those contained within this report.
Occupancy (%) is that proportion of the bedrooms available during theperiod which are occupied during the period.
Average Room Rate (ARR) is the total bedroom revenue for the period divided by the total bedrooms occupied during the period.
Room RevPar (RevPAR) is the total bedroom revenue for the period divided by the total available rooms during the period.
Total RevPar (TrevPAR) is the combined total of all revenues divided by the total available rooms during the period.
Payroll % is the payroll for all hotels in the sample as a percentage of total revenue.
GOP PAR is the Total Gross Operating Profit for the period divided by the total available rooms during the period.
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