UK Chain Hotels Market Review - August 2011
Profit per room drops as London hotels hit August lull
Hotels in London suffered their first year-on-year decline in profit per room since April 2010 as the city endured its customary headline performance blip during the month of August, according to the latest Hot-Stats survey of approximately 550 full-service hotels across the UK by TRI Hospitality Consulting. At just £44.41, profit per room at London hotels in August was approximately 50% below the year-to-date average for 2011, and less than half of the achieved profitability level for July.
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