Archive for the RevPAR Category

RevPAR slowdown could lead to lack of ‘investor interest’

Some investors could become wary of hotel assets due to RevPAR (rooms revenue per available room) plateaus amid predictions of labour shortages and increasing costs, according to the Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR at 5% was the lowest level since Q1 2016, although the overall long-term outlook for UK hotels remains positive. While these results outpace UK GDP growth, which has averaged below 1% in the same period, the impact of a lower growth environment, global political uncertainty and an increasing

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UK hotels enjoy August RevPAR boost

New data released by ALMR shows that hotels across the UK enjoyed another welcome boost in revenue per available room (RevPAR) during the peak holiday month of August. The figures showed positive growth for the hotel industry across Europe, including the UK, which increased RevPAR by 4.6% compared with the same month the previous year, despite occupancy remaining relatively flat. RevPAR figures for the year to date (vs 2016) show a growth of 7.8%, outperforming the European average of 5.8%. Average daily rates (ADR) for UK hotels registered an increase of 4.5% in August against the European average of 4.2%.

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40% rise in UK hotel room openings in H1

The first six months of 2017 has seen the highest number of hotel bedrooms opening in the UK since 2012 according to the Hotel Bulletin Q2 2017. The report, published this week by HVS, AlixPartners, STR and AM:PM, shows growth in hotel RevPAR [rooms revenue per available room] in all but two UK cities. It also reported double digit growth in Edinburgh, Cardiff and Belfast, with London recording an 8% uplift suggesting that the weak pound and high profile events were attracting international visitors. The hotel sector is expected to see further growth in visitor numbers with over 7,500 new

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