UK hotels report first average RevPAR decline in five years
The average revenue per available room (RevPAR) declined for the first time since 2011, according to new research released today.
The latest Hotel Bulletin from AlixPartners, AM:PM and HVS found RevPAR in the 12 cities reviewed fell 3% in the first quarter of the year when compared to the same period last year.
The results were slightly skewed by Aberdeen, which recorded a 37% decline in RevPAR. However, even with Aberdeen excluded the average RevPAR only increased by 1% – the lowest increase since the first quarter of 2012.
Of the 12 cities – Birmingham, Cardiff, Manchester, Belfast, Bath, Edinburgh, Leeds, London, Liverpool, Liverpool, Glasgow, Newcastle and Aberdeen – involved in the bulletin, Cardiff was the top performer with RevPAR growth of 8%.
The report said this was in part down to the city hosting over 20,000 participants for the World Half Marathon Championships in March.
Read the full article from Hotel Owner here