CATERER EATS OUT
NewsRevpar drops by nearly 2% at London hotels(27 June 2008 09:37)London hotels saw revenue per available room (revpar) fall by 1.86% in the week ending 22 June, according to figures from hospitality research company STR Global. Revpar dropped to £134, down from £136.54 during the equivalent week of 2007. Occupancy declined by 4.72 percentage points to 85.29% but average room rate rose by 3.57% to £157.11 compared with £151.69 in the corresponding week of 2007. STR Global is a new company formed from the merger of leading hospitality research firms Smith Travel Research (STR), Deloitte’s HotelBenchmark and The Bench. View the figures for London hotels for the 12 weeks to 22 June here >> Article continues below
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