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UK hotels post double-digit revPAR growth
UK hoteliers have experienced a 'outstanding' third quarter after a double-digit increase in revenue per available room (revPAR) during the period.
According to the latest STR Global results published by Deloitte, London's hotels have seen revPAR grow by nearly a fifth during the period, compared with Q3 2009. Regional operators have also reported a double-digit growth; up nearly 10 per cent on the same quarter last year. However, there has also been a warning that London revPAR could fall in 2011.
Marvin Rust, hospitality managing partner at Deloitte, said: "We expect London hotels to see revPAR fall 5.2 per cent next year with occupancy and average room rates falling 3.2 per cent and 2 per cent respectively. "There are clearly a number of challenges for hoteliers in 2011, including it being a non-Farnborough [Air Show] year, the year before the Olympics and the supply of luxury hotels in the capital expanding with the reopening of The Savoy and the Four Seasons."
However, Rust added that the current value of the pound against both the Euro and Dollar should ensure that the UK remains an attractive destination for overseas visitors.
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