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RevPAR

Covers trends and performance analysis related to Revenue per Available Room (RevPAR) across the UK hotel industry. Reporting includes insights into how RevPAR is influenced by occupancy rates, average daily rates, and seasonal demand fluctuations. Also features commentary on regional performance differences, the impact of economic pressures, and how hotels are adjusting pricing strategies to protect yield.

  • Jun- 2024 -
    18 June
    Hotel BrandsWhitbread sales rise 1% to £739m in Q1

    Whitbread sales rise 1% to £739m in Q1

    Premier Inn owner Whitbread has reported that total sales rose 1% to £739m during the first quarter of FY24, driven by improved UK trading and its continued progress in Germany.  This comes as its trading performance strengthened during the quarter “as expected”, with accommodation sales being in line with last…

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  • 4 June
    Latest NewsToday’s news in brief – 4/6/24

    Today’s news in brief – 4/6/24

    The Mandarin Oriental group has inaugurated its second London property, the Mandarin Oriental Mayfair, situated on Hanover Square. The boutique hotel, designed by Rogers Stirk Harbour + Partners, features 50 rooms and suites, 77 private residences, and culinary offerings by chef Akira Back. The Vierendeel-structured building, a first in the…

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  • 4 June
    HotelsUK hotel RevPAR turns negative for first time in three years

    UK hotel RevPAR turns negative for first time in three years

    April hotel performance has suggested a mixed picture for hotels across the UK, as RevPAR dipped by approximately 2%, according to CoStar data. Occupancy and rates posted their first decline in April in 36 months, likely driven by shifts to Easter and school holidays. April was also one of the…

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  • 3 June
    HotelsMinimum wage hike hits bottom line of UK hotels, RSM finds

    Minimum wage hike hits bottom line of UK hotels, RSM finds

    The national minimum wage increase, amongst other cost pressures, is hitting the bottom line of UK hotels despite them charging higher room rates, according to the latest RSM Hotels Tracker.  In light of this, the report found that labour costs per available room were up from £15.32 in March to…

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  • May- 2024 -
    23 May
    Latest NewsToday’s news in brief – 23/5/24

    Today’s news in brief – 23/5/24

    Travelodge experienced a 3.5% revenue increase, reaching £205.5m for Q1 2024, driven by diverse leisure and business guest demand. Despite a 1.0% rise in RevPAR to £46.45, the average room rate dropped by 0.9% to £56.77. Energy hedging benefits in Q1 2023 led to a slight year-on-year EBITDA decrease from…

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  • 23 May
    Hotel BrandsHyatt EBITDA falls to $252m

    Hyatt EBITDA falls to $252m

    Hyatt has revealed that it posted an adjusted EBITDA of $252m (£198m) for the three months ended 31 March, down from $268m (£210.5m) in the same period last year. Alongside this, its comparable system-wide hotels RevPAR increased 5.5% compared to the same period in 2023. Furthermore, its net rooms growth…

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  • 23 May
    HotelsTravelodge revenues hit £205.5m in Q1

    Travelodge revenues hit £205.5m in Q1

    Travelodge has reported a 3.5% increase in revenues to £205.5m for the quarter ended 31 March 2024. It said growth was supported by demand from a “diverse range” of leisure and business guests. RevPAR was up 1.0% to £46.45 compared with £45.98 in 2023, approximately 0.1pts ahead of the STR…

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  • 16 May
    Latest NewsToday’s news in brief – 16/5/24

    Today’s news in brief – 16/5/24

    The Colliers’ UK Hotel Market Index for 2024 has revealed Edinburgh as the top-ranking city due to strong occupancy and room rates. Belfast follows with significant RevPAR growth, while Inverness secures third place. The shift back to city breaks is notable, with Manchester and Liverpool climbing in the rankings. London…

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  • 16 May
    Latest NewsEdinburgh ranks top in UK Hotel Market Index 2024

    Edinburgh ranks top in UK Hotel Market Index 2024

    Edinburgh has been awarded the top position in Colliers’ annual UK Hotel Market Index (UKHMI) due to its strong performance in both occupancy and average daily room rate (ADR) during 2023.  According to the index, Belfast has retained its position as second place, primarily due to its significant RevPAR growth…

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  • 14 May
    Hotel BrandsSoho House Q1 RevPAR falls 3% despite surge in revenues

    Soho House Q1 RevPAR falls 3% despite surge in revenues

    Soho House and Co has reported a 3% decrease in RevPar despite a 3.1% increase in revenues to $263.1m (£209.6m) for the first quarter ended 31 March 2024. In-House revenues also declined -5% to $110.4m (£87.9m) year-over-year. However, membership revenues grew to $100.2m (£79.8m), a 20.4% increase year-over-year, accounting for…

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