Hotel profitability fell by 9.6% in London and by 15.8% in the provinces during May 2009, according to TRI Hospitality Consulting.

Income before fixed charges per available room (IBFCpar) dropped to £59.24 in London (2008: £65.54).

Occupancy declined by 1.4 percentage points to 81.3% while average room rate shrank by 7.4% to £109.33.

The figures show a lessening in the impact of the recession on London occupancy and revenue per available room during May, according to TRI managing director Jonathan Langston.

“Strong occupancy levels confirm the resilience of the London hotel market, giving it a strong position to regain rate once market conditions improve,” he said.

The capital is weathering this recession better than the slump of the 1990s, when annual occupancy dropped by 12 percentage points to 63%. For the year to date, occupancy in London has averaged 75.9%

Provincial profitability fell to £31.63 (2008:£37.58) as occupancy declined by 3.5 percentage points to 70.2 and average room rate contracted by 8.8% to £68.14.

The chain hotels survey is compiled each month by Tri Hospitality Consulting.


Annual HotStats hotel performance data

TRI Hotels 2007 UK >>

TRI HotStats: annual UK hotel figures >>

TRI HotStats: Hotels 2007 Europe >>

 

 
 

MAY 2009  UK TOTAL    2009 2008 Movement Occupancy 74.2% 77% -2.7 points Room rate £84.51 £91.53 -7.7% Revpar £62.75 £70.45 -10.9% IBFCpar £41.66 £47.69 -12.6% Payroll%  27.8% 28% +0.2 points LONDON       2009 2008 Movement Occupancy 81.3% 82.7% -1.4 points Room rate £109.33 £118.05  -7.4% Revpar £88.87 £97.66 -9% IBFCpar £59.24 £65.54 -9.6% Payroll%  24.5% 25% +0.5 points PROVINCES 2009 2008 Movement Occupancy 70.2% 73.7% -3.5 points Room rate £68.14 £74.67 -8.8 Revpar £47.86 £55.04 -13.1% IBFCpar  £31.63 £37.58 -15.8% Payroll%  30.4% 30.3% -0.1 points

APRIL 2009  UK TOTAL    2009 2008 Movement Occupancy 72.1% 76.9% -4.8 points Room rate £83 £92.24 -10% Revpar £59.87 £70.98 -15.6% IBFCpar £34.36  £46.05 -25.4% Payroll%  30.2% 28.6% -1.6 points LONDON       2009 2008 Movement Occupancy 80.4% 82.7% -2.2 points Room rate £106.17  £118.21 -10.2% Revpar £85.40 £97.75 -12.6% IBFCpar £51.82 £65.06 -20.3% Payroll%  26.1% 25.3% -0.8 points PROVINCES 2009 2008 Movement Occupancy 67.3% 73.6% -6.3 points Room rate £67.01 £75.45 -11.2% Revpar £45.13 £55.57 -18.8% IBFCpar  £24.28 £35.10 -30.8% Payroll%  33.4% 31.1% +2.3 points

 

MARCH 2009  UK TOTAL    2009 2008 Movement Occupancy 69.6% 72.3% -2.7 points Room rate £85.47 £88.55 -3.5% Revpar £59.48 £64 -7.1% IBFCpar £37.07 £40.47 -8.4 Payroll%  28.8% 29.9% -1.1 points LONDON       2009 2008 Movement Occupancy 76.5% 80% -3.5 points Room rate £108.04 £110.98  -2.6% Revpar £82.67 £88.83 -6.9% IBFCpar £52.90 £57.87 -8.6% Payroll%  25.5% 26.3%  -0.8 points PROVINCES 2009 2008 Movement Occupancy 65.6% 67.8% -2.2 points Room rate £70.18 £73.24 -4.2% Revpar £46.03 £49.65 -7.3% IBFCpar  £27.88 £30.41 -8.3% Payroll%  31.4% 32.6% -1.3 points

 

FEBRUARY 2009  UK TOTAL    2009 2008 Movement Occupancy 68.1% 72.2% -4.1 points Room rate £84.66 £90.13 -6.1% Revpar £57.69 £65.12 -11.4% IBFCpar £31.41  £39.60 -20.7% Payroll%  31.4% 30.4% +0.9 LONDON       2008 2008 Movement Occupancy 74.7% 77.9% -3.2 points Room rate £108.15 £115.76 -6.6% Revpar £80.75 £90.16 -10.4% IBFCpar £47.75 £57.46 -16.9% Payroll%  27.4% 26.9% +0.6 points PROVINCES 2008 2008 Movement Occupancy 64.5% 69.1% -4.6 points Room rate £69.39 £73.99 -6.2% Revpar £44.75 £51.12 -12.5% IBFCpar  £22.23 £29.62 -25% Payroll%  34.4% 33.2% +1.2 points

JANUARY 2009 UK TOTAL    2009 2008 Movement Occupancy 59.2% 63.4% -4.2 points Room rate £82.60 £88.79 -7% Revpar £48.89 £56.28 -13.1% IBFCpar £21.78 £29.35  -25.8% Payroll%  35.4% 33.7% +1.6 points LONDON       2009 2008 Movement Occupancy 67.5% 71.8% -4.3 points Room rate £102.84  £111.47 -7.7% Revpar £69.37 £80.01 -13.3% IBFCpar £36.02 £47.03 -23.4% Payroll%  31.2% 28.8% +2.4 points  PROVINCES 2009 2008 Movement Occupancy 54.6% 58.7% -4.1 points Room rate £68.57 £73.18 -6.3% Revpar £37.41 £42.93 -12.9% IBFCpar  £13.81 £19.40 -28.8% Payroll%  38.6% 37.7% +0.9 points

DECEMBER 2008  UK TOTAL    2008 2007 Movement Occupancy 62.5% 66.4% -3.9 points Room rate £85.81 £87.70 -2.2% Revpar £53.64 £58.26 -7.9% IBFCpar £36.86 £43.62 -15.5% Payroll%  28.8% 28.7% +0.1 points LONDON       2008 2007 Movement Occupancy 72.1% 74.4% -2.3 points Room rate £110.16  £113.82  -3.2% Revpar £79.39 £84.63 -6.2% IBFCpar £53.63 £60.12 -10.8% Payroll%  25.6% 25.7% 0 points PROVINCES 2008 2007 Movement Occupancy 57.2% 62.1% -4.8 points Room rate £68.82 £70.42 -2.3% Revpar £39.37 £43.70 -9.9% IBFCpar  £27.56 £34.50 -20.1% Payroll%  31.1% 30.9% -0.2 points

NOVEMBER 2008  UK TOTAL    2008 2007 Movement Occupancy 73.4% 77.7% -4.3 points Room rate £91.16 £94.42 -3.4% Revpar £66.94 £73.37 -8.8% IBFCpar £43.57 £53.83 -19% Payroll%  28% 26.4% + 1.6 points LONDON       2008 2007 Movement Occupancy 79.9% 85.2% -5.4 points Room rate £119.58  £125.91  -5% Revpar £95.52 £107.33 -11% IBFCpar £69.79 £81.74 -14.6% Payroll%  24.6% 21.9% +2.7 points  PROVINCES 2008 2007 Movement Occupancy 70% 73.7% -3.7 points Room rate £73.88 £75.02 -1.5% Revpar £51.71 £55.29 -6.5% IBFCpar  £29.60 £38.96 -24% Payroll%  30.5% 29.9% +0.6 points

 

OCTOBER 2008  UK TOTAL    2008 2007 Movement Occupancy 77.4% 80.6% -3.2 points Room rate £91.43 £92.89 -1.6% Revpar £70.79 £74.89 -5.5% IBFCpar £49.76 £54.70  -9% Payroll%  26.6% 26% +0.5 points LONDON       2008 2007 Movement Occupancy 83.8% 86.9% -3.1 points Room rate £120.49 £122.11 -1.3% Revpar £101.01 £106.17 -4.9% IBFCpar £73.72 £79.09 -6.8% Payroll%  22.5% 22.1%  +0.4 points PROVINCES 2008 2007 Movement Occupancy 74% 77.2% -3.2 points Room rate £73.72 £75.13 -1.9% Revpar £54.55 £58 -6% IBFCpar  £36.88 £41.53 -11.2% Payroll%  29.6% 29% +0.6 points

 

SEPTEMBER 2008  UK TOTAL    2008 2007 Movement Occupancy 78.8% 81.7% -2.9 points Room rate £91.66 £93.42 -1.9% Revpar £72.19 £76.30 -5.4% IBFCpar £50.10 £56.09 -10.7% Payroll%  26.9% 25.8% +1.1 points LONDON       2008 2007 Movement Occupancy 82.7% 86.8% -4.2 points Room rate £118.20 £120.52  -1.9% Revpar £97.74 £104.66 -6.6% IBFCpar £66.66 £74.83 -10.9% Payroll%  24.3% 22.7% +1.6 points PROVINCES 2008 2007 Movement Occupancy 76.6% 78.8% -2.2 points Room rate £75.93 £76.80 -1.1% Revpar £58.17 £60.51 -3.9% IBFCpar  £41.01 £45.66 -10.2% Payroll%  28.8% 28.1% +0.7 points

 

AUGUST 2008  UK TOTAL    2008 2007 Movement Occupancy 76.6% 77.8% -1.2 points Room rate £83.60 £81.19 +3% Revpar £64 £63.15 +1.3% IBFCpar £35.85  £36.15 -0.8% Payroll%  31.1% 31% +0.1 point LONDON       2008 2007 Movement Occupancy 84.8% 85.5% -0.8% Room rate £105.89 £100.67 +5.2% Revpar £89.75 £86.10 +4.2% IBFCpar £49.69 £48.67 +2.1% Payroll%  27.9% 27.8% +0.1 points  PROVINCES 2008 2007 Movement Occupancy 72.2% 73.7% -1.5 points Room rate £69.55 £69.23 +0.5% Revpar £50.19 £51.01 -1.6% IBFCpar  £28.42 £29.52 -3.7% Payroll%  33.2% 33% +0.2 points

JULY 2008  UK TOTAL    2008 2007 Movement Occupancy 80.2% 81.1% -0.8 points Room rate £95.94 £88.36 +8.6% Room revpar £76.97 £71.64 +7.4% IBFCpar £51.72 £47.85 +8.1% Payroll%  26.8% 27.6% -0.9 points LONDON       2008 2007 Movement Occupancy 88.4% 88.2% +0.3 points Room rate £131.27  £114 +15.2% Revpar £116.09 £100.51 +15.5% IBFCpar £80.27 £66.99 +19.8% Payroll%  22.1% 23.9% -1.9 points PROVINCES 2008 2007 Movement Occupancy 75.8% 77.2% -1.4 points Room rate £73.62 £72.45 +1.6% Revpar £55.79 £55.95 -0.3% IBFCpar  £36.26 £37.45 -3.2% Payroll%  30.6% 30.3% +0.3 points

JUNE 2008  UK TOTAL    2008 2007 Movement Occupancy 78.4% 80.3% -1.9 points Room rate £95.03 £91.50 +3.9% Revpar £74.49 £73.44 1.4% IBFCpar £52.64 £54.03 -2.6% Payroll%  26.4% 25.9% +0.5 points LONDON       2008 2007 Movement Occupancy 85.5% 87% -1.5 points Room rate £126.49 £119.70 +5.7% Revpar £108.17 £104.11 +3.9% IBFCpar £76.95 £75.46 +2% Payroll%  22.2% 22.2% 0 points  PROVINCES 2008 2007 Movement Occupancy 74.6% 76.7% -2.1 points Room rate £75.82 £74.47 +1.8% Revpar £56.54 £57.11 -1% IBFCpar  £39.69 £42.62 -6.9% Payroll%  29.6% 28.6% +1 point

Source: TRI Hospitality Consulting

The UK Chain Hotels sample is composed of up to 530 hotels with an average hotel size of 166 bedrooms. These hotels operate primarily in the three- and four-star sectors.

DEFINITION OF TERMS

• Occupancy is that proportion of the bedrooms available during the period which are occupied during the period.
• Room rate is the total bedroom revenue for the period divided by the total bedrooms occupied during the period.
• Room revpar is the total bedroom revenue for the period divided by the total available rooms during the period
• Payroll% is the payroll as a percentage of total revenue
• IBFCpar is the income before fixed charges divided by the total available rooms