Economy
UK hotel performance in November exceeds expectations
Gross operating profits fell slightly in the UK at 37.1% (October) to 35.2% (November) and remained relatively flat in London from 42.8% to 42.0%
Hotels in the UK saw occupancy rates of 76.8% and average daily rates (ADR) £146.76 in November 2023, outperforming the same period in 2022 according to data from Hotstats and RSM.
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