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Glorious Results of UK Provincial Hotels in April 2015

April 2015 continued trend of the year with not very optimistic results of hotels in London and improving performance of provincial accommodations. London hotels ended the month with decrease in gross operating profit per available room (GOPPAR), while the provinces posted positive year-on-year results.

Hotels in the North West of the UK posted improvements of all key metrics. The combined growth of occupancy estimated 1.9% and average room rate (ARR) added 4.0%, helping revenue per available room (RevPAR) grow to £57.51. Non-room revenues, however, had mixed results in April. This softened growth of total revenue per available room (TRevPAR) to 3.6% to £103.22 in total.

Cardiff hotels had another successful month with TRevPAR and GOPPAR growing by 11% and 32.4% respectively. Hotels in this British city posted growth of all key indicators. Occupancy added 3.1% and ARR jumped by 10%, leading to significant growth of RevPAR - +14.7%. Similar growth was recorded in non-room departments, especially in meeting rooms hiring (+24.6%). Hotels in Glasgow were also among best performers of the month. They managed to increase their TRevPAR and GOPPAR by 10.6% and 32.6% respectively. Occupancy in April 2015 added 1% and estimated 81.0% in total, while ARR grew by 12.9%, helping hotels in the largest city of Scotland enjoy growth of RevPAR of 14.5%. As non-room departments posted mixed results, the growth of TRevPAR estimated only 10.6%. Efficient cost control helped GOPPAR grow by 32.6% to £33.76.

29.05.2015

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