Hotels in London saw RevPAR growth of 0.9 per cent in quarter four of 2019, to £135.25, when compared with the previous year. However, average occupancy for hotels in the capital dropped back slightly in the final quarter of the decade, to 84.8 per cent.
Trading in quarter three for UK hotels has again showed a considerable contrast between those in London compared with the provinces. That is according to the latest UK hotel market tracker, produced by HVS London, AlixPartners and STR.
RevPAR in the UK’s regional hotels dropped 2.8 per cent in the first three months of 2019, according to research from HVS London, AlixPartners and STR. The fall was in marked contrast to the fortunes of London’s hotels, which saw like-for-like RevPAR increase by 3.6 per cent against the previous year.
Hala Matar Choufany, president of HVS in the Middle East, Africa and south Asia, speaks to Breaking Travel News during the Arabian Hotel Investment Conference in Ras al Khaimah. She tells us what creates the gap between expectations and reality when it comes to valuing hospitality properties and how this can be overcome to the benefit of all.