GOPPAR
Coverage of GOPPAR (Gross Operating Profit Per Available Room), a key performance metric used in the UK hotel industry to assess profitability relative to room inventory. Reporting includes analysis of GOPPAR trends, benchmarking data, and strategies for improving operational efficiency and revenue management. Also explores how hotels use GOPPAR insights to optimise performance.
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Mar- 2025 -4 MarchHotels
UK hotel sector rebounds in 2024 despite rising costs, Knight Frank finds
The UK hotel sector rebounded closer to pre-pandemic levels in terms of occupancy and improved profitability in 2024 despite rising costs, according to new research from Knight Frank. Its latest UK Hotel Trading Performance Review found that the average occupancy rate for London hotels increased to 82% in 2024, up…
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Feb- 2024 -21 FebruaryAdvice
Hotel revenue management strategies: using data to drive profitability
There is a popular saying in business that ‘volume is vanity, profit is sanity’. Swap ‘revenue’ for ‘volume’ and the expression rings equally true for hospitality. As hoteliers, we are in the business of delivering profit; and sitting at the centre of this effort should be the revenue manager and…
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Dec- 2023 -12 DecemberHotels
2023 hotel trading performance defies expectations
The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by global property adviser Knight Frank in partnership with HotStats. Despite a “particularly challenging macroeconomic environment”, the sector has delivered strong revenue growth, with profits now exceeding pre-pandemic…
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Nov- 2023 -8 NovemberHotels
London tops list of cities for hotel investment in 2024, survey finds
London has been named the most attractive European city for hotel investment in the coming year, according to the 2023 European Hotel Industry Survey by Deloitte. The report, which surveys senior hospitality leaders, owners, lenders, developers and investors, found that London has risen two places since last year, with Lisbon…
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Aug- 2023 -23 AugustHotels
Hotel revenues surge in H1, Knight Frank finds
Hotels in the UK have welcomed a post-Covid rebound in the first half of the year, according to new research from Knight Frank, with London hotels recording a 35% uplift in total RevPAR. It comes as London hotels achieved an occupancy rate of 82% in June 2023, a rise of…
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Jun- 2023 -18 JuneAdvice
Advice: Essential KPIs every hotelier should be tracking
In the dynamic, customer-centric world of the hospitality industry, understanding your business’s performance is key to staying ahead of the competition. Key Performance Indicators (KPIs) are measurable values that provide insights into the effectiveness of a hotel’s strategies and initiatives. The importance of KPIs in the hotel industry cannot be…
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Dec- 2022 -15 DecemberHotel Brands
Westin London City celebrates first year with RevPar 20% ahead of market
RBH said that it is celebrating a successful first 12 months of trading for its The Westin London City property with RevPAR reportedly over 20% ahead of its competition. As Marriott International’s 1000th opening in EMEA, The Westin London City opened to “significant anticipation” as the newest waterfront hotel in…
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Sep- 2022 -13 SeptemberFeatures
Are record summer performances the calm before the storm?
The UK, one of Europe’s largest hotel markets, experienced record trading in July, with higher occupancy rates, daily rates and gross operating profits. According to RSM UK’s Hotels Tracker, occupancy rates hit a triumphant 77.1% in the month, compared to 73.7% in June. “Hotels are making the most of the…
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May- 2020 -11 MayAdvice
How hotel asset managers can support hotel reopenings post Covid-19
As hotel asset managers, we are able to work alongside hotel owners and operators to guide a hotels’ recovery from Covid-19. We can use our expertise to guide and create a re-opening action plan, bring back the hotel’s property value, and enhance communication between the owner and the management team.…
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Apr- 2020 -28 AprilEconomy
Global hotel profits rocked by Covid-19, says Hotstats
The US, European, Asian and Middle Easter hotel markets have all recorded year-on-year profit drops of 100% or more amid the Covid-19 pandemic, according to data from Hotstats. In particular, March saw GOPPAR at European hotels fall by a record 115.9%, the biggest year-on-year decline since April 2009, when GOPPAR…
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