Hotels in the North-east saw revenue per available room (revpar) slump by 19.55% in the week ended 28 September, 2008, according to figures from hospitality research company STR Global.
Revpar was £60.36, compared with £75.03 in the equivalent week of 2007.
Occupancy fell by 0.81 percentage points to 84.56% while average room rate dropped by 18.78% to £71.38, compared with £87.88 in the corresponding week of 2007.
View the full regional figures (in PDF format) for North-eastern hotels for the 12 weeks to 28 September, 2008 >>
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STR Global was created by the merger of hospitality research companies Smith Travel Research (STR), Deloitte’s HotelBenchmark and The Bench.
It offers hotel research to clients that include hotel operators, developers, financiers and analysts, providing regular and custom reports covering more than 35,000 hotels in 1,300 global markets.
As well as global hotel performance data, STR Global tracks a variety of Profitability, Pipeline and Census data covering all aspects of the industry.
Archive of Bench Regional Performance Figures
Source: STR Global