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November Became the Second Consecutive Month of Success for the UK Hotels

News November became the second great month for the hospitality industry of the United Kingdom that managed to maintain the October results of growing GOPPAR and reach same success in November. The latest data by HotStats only proves that 2018 was another good year for hotels in the country despite a weak start.

The first quarter of 2018 wasn’t easy on hotels in the UK with the decline in profit of 4.9%. However, hotels in many destinations across the country managed to offset that problem and return with strong year-on-year results. After an incredibly strong October (+9.0% in profit) it felt like the country’s hospitality industry couldn’t maintain that success, but November proved the opposite and the profit remained up 2.3%. The year-on-year increase in GOPPAR estimated 1.1%.

The amazing result of November has become possible thanks to growth across all departments, including room revenues (+3.1%), conference and banqueting (+3.2%), and food and beverage (+3.0%). TRevPAR added 3.0% to £151.27. The year-on-year growth of RevPAR reached 3.1% to £94.97, and GOPPAR grew by 2.3% to £57.88. Room occupancy and achieved room rate added 0.6% and 2.4% respectively. Even though 2017 was a strong year with the total growth of profit reaching 5.1%, 2018 was even a better year for hotels across the United Kingdom.

Unlike the majority of the country, hotels in Aberdeen had a challenging month in November. The profit per room achieved only a slight increase of 0.8%. RevPAR, in its turn, lost 3.6%, falling to £42.83. This happened despite the growing room occupancy of 2.8%. However, it was not enough to offset the negative impact of a decline in the average room rate (-7.3% to £59.04). GOPPAR, in its turn, was a slightly positive (+0.8% to £15.23). Aberdeen hotels have to face tough times now because the supply grows faster than demand, and poor room performance clearly demonstrates that.

Hotels in Bournemouth, however, had a fantastic month compared to the flat performance of Aberdeen hotels. Fueled by growth in the room rate (+8.1% to £79.72) and increase in RevPAR of 11.7% to £55.61, Bournemouth hotels recorded a stunning increase in profit per room of 12.9% to £13.23. In August, the coastal town reached an incredible level of GOPPAR of £63.66, but its performance in September and October was not so outstanding. The result of November is a wonderful achievement given that it is the off-season for the resort destination.


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