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.
About HotStats
HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 different brands and independent hotels. HotStats provides more than 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales and departmental and total hotel profitability.
