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UK hotels rank second in Europe

Horeca

Hotels in the UK were ranked number two in a survey of the sales performance of hotels across nine European countries for the 12 months to the end of November.

Paris-based MKG Consulting collated room rates and occupancy figures from chain hotels in key European countries and found only Austria had better revenue per available room figures over the year than the UK.

The average revpar for all of the countries fell by 2.9% but in the UK it fell just 0.5%. Austria was the only positive country with a 6.1% rise. The Netherlands was the worst performer with an 11.9% fall in revpar.

MKG said it expects Europe to average a 3% drop in revpar for 2003 but believes there is “light at the end of the tunnel”. It warns that the rising Euro and an unstable geopolitical situation may undermine this optimism.

Other surveys are also pointing to a general improvement in trading within the UK. PKF’s survey for the month of November showed that revpar was down just 0.4% in regional hotels and up 4.4% in London, compared to the same month in 2002.

TRI Hospitality Consulting’s figures show that revpar of hotels in the UK is down 3% for the 12 months to the end of November. In London, revpar increased for five of the six months up to and including November.

Paris-based MKG Consulting collated room rates and occupancy figures from chain hotels in key European countries and found only Austria had better revenue per available room figures over the year than the UK.

The average revpar for all of the countries fell by 2.9% but in the UK it fell just 0.5%. Austria was the only positive country with a 6.1% rise. The Netherlands was the worst performer with an 11.9% fall in revpar.

MKG said it expects Europe to average a 3% drop in revpar for 2003 but believes there is “light at the end of the tunnel”. It warns that the rising Euro and an unstable geopolitical situation may undermine this optimism.

Other surveys are also pointing to a general improvement in trading within the UK. PKF’s survey for the month of November showed that revpar was down just 0.4% in regional hotels and up 4.4% in London, compared to the same month in 2002.

TRI Hospitality Consulting’s figures show that revpar of hotels in the UK is down 3% for the 12 months to the end of November. In London, revpar increased for five of the six months up to and including November.

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