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.
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May- 2023 -15 MayFeatures
Easyhotel’s secret to success in the budget sector
“I think because we focus on the basics, consumers recognise that and reward us for paying the right price, for the right product and not for things that they don’t need,” says Karim Malak, CEO of Easyhotel. The budget hotel sector has seen major growth in the last few years…
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15 MayHotel Brands
Travelodge welcomes record revenues and profit in FY22
Travelodge has welcomed record financial results for 2022, as revenues hit £909.9m, soaring by a record growth of 25% or £182m against 2019, and by £350.2m against 2021. In addition, EBITDA hit a record £212.9m compared to £129.1m for 2019 and £81.1m for 2021, as the group said full-year results…
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5 MayHotel Brands
Hyatt Q1 EBITDA hits $268m
Hyatt has revealed that adjusted EBITDA reached $268m (£212.5m) in Q1 2023, compared with $169m (£134m) in the first quarter of 2022, as the group’s franchise contracts reached approximately 117,000 rooms. This comes as the group’s net income reached $58m (£46m) in the first quarter of the year, compared with…
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3 MayHotel Brands
Accor revenues up 54% in Q1 as RevPAR picks up in Asia
Accor has revealed that for the first quarter of 2023, like-for-like revenues increased by 54% to reach €1.1bn (£0.9m), as RevPAR shot up 57% compared with the same period last year. The group has attributed its performance in Q1 to the rebound of hotels in Asia following the lifting of…
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Apr- 2023 -27 AprilHotel Brands
PPHE revenues surpass pre-pandemic levels amid strong UK performance
PPHE has seen revenues soar by 115% to £68.8m in Q1, up by 10.2% against pre-pandemic levels in Q1 2019, largely driven by higher rates in the period. The UK and the Netherlands reported “particularly strong” performances, with trading “consistently strong” across leisure, corporate travel and meetings and events. Over…
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26 AprilLatest News
Pandox hotel group reports 21% rise in Q1 revenues
Hotel property company Pandox has reported revenues of MSEK 780 (£605m) in Q1 2023, which was up 21% compared to the same period last year. Net operating income from Property Management amounted to MSEK 662 (£514m), while earnings before taxes were MSEK 675 (£524m), an increase of 45%. Occupancy levels…
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26 AprilHotel Brands
Hilton raises FY guidance as Q1 net income hits $209m
Hilton has announced net incomes of $209m (£168m) for Q1 causing the company to raise its full-year capital return guidance to between $1.8bn (£1.4bn) and $2.2bn (£1.8bn). The company also announced an EBITDA of $641m (£514m) and a diluted earnings per share of $0.77 (£0.62). The company’s system-wide comparable RevPAR…
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13 AprilHotels
Hotel RevPAR reaches year high over Easter, says RoomRaccoon
Independent hotels in the UK recorded a spike in RevPAR over the Easter weekend, measuring £121 on 8 April 2023 – the highest figure recorded in the UK this year. This according to new data from hotel management system RoomRaccoon which monitored the performance metrics of over 2,000 rooms in…
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Mar- 2023 -30 MarchFeatures
Pitfalls to avoid when pricing your hotel
In the highly competitive world of hotels, there is no margin for error in pricing – particularly for independent and boutique properties. Whilst group hotels or large properties may be able to absorb an incorrect rate in the market – sheltered by high occupancy, quick turnaround, and neighbouring properties –…
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29 MarchEconomy
UK room rates surge 13% to outpace inflation
Average daily rates for occupied rooms in the UK rose to £128.94 outside of London and £196.26 inside of London, an increase of 13% for both, according to data from RSM and hotstats. According to the latest CGA data, sales at Britain’s leading managed restaurant, pub and bar groups were…
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