Whilst top end London hotels have had a fantastic year in London the same is not the case in the midmarket with the worse performance coming from the 3 star sector.
The best performance has come from the capitals five-star hotels, which hardly missed a beat after the terror attacks in contrast with the harder hit three and four star sectors.
A surge in visitor numbers to the capital enabled five-star hotels to boost average room rate by 8.45% to 221.75, double the growth of 4.18% recorded in the same period of 2005. Occupancy rose 6.6 percentage points to 77.04%, compared with 3.97 percentage points in 2005. As a result, revenue per available room leapt 15.66% to 170.83 at five-star hotels, compared with 8.32% last year.
Four-star hotels in the capital also progressed. Room rate grew 4.76% to 98.51, and occupancy increased 5.91 percentage points to 81.61%. This lead to a double digit revpar gain of 10.95% to 80.40.
But the price-sensitive three-star market found it difficult to raise room rates, which grew by just 44p to 71.87. Occupancy grew 5.3 percentage points to 81.04% and revpar was up 5.96% at 58.25.
It is expected that there will be...
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