Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com
All news:
 01 
 02 
 03 
 04 
 05 
 06 
 07 
 08 
 09 
 10 
 11 
 12 
 Latest 


Records of London Hotels During the Olympic Games

News August was particularly successful for hotels in London as they registered the record-breaking growth of Gross Operating profit per Available Room (GOPPAR) of 107.3%. The games were a huge boost for the hotel market of the UK capital.

As it is mentioned in the latest HotStats survey by TRI Hospitality Consulting, August was a truly unique month for hotels in London. They were able to raise their room rates and still benefit from high occupancy. The average daily rate added 48.9% in August. This made total revenue per available room (TRevPAR) grow by 47.6%. Hotels benefited from not only room bookings, but also food and beverage, and conference revenues.

Such a strong August was the necessary remedy for hotels in London after relatively weak June and July. Now the picture of revenues for this year looks very optimistic as well. The year-to-date GOPPAR features the growth of 9.1%. Compare it to July and its increase of just 0.7%.

Of course, once the games are over, the growth of London hotel market will slow down, but strong August will surely make its positive influence on 2012 stats.

30.09.2012

Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on OrangeSmile.com.

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
English 
Deutsch 
Nederlands 
French 
Russian
 Top 20 destinations
Bath
60 hotels
Calgary
57 hotels
Famagusta
62 hotels
Hua Hin
111 hotels
Leipzig
80 hotels
Mestre
58 hotels
Palermo
69 hotels
Rome
1178 hotels
Stockholm
111 hotels
Wroclaw
100 hotels