Scottish hotel performance showed a year-on-year decrease in November as occupancy and room rates across Edinburgh, Glasgow and Aberdeen tumbled, according to the latest LJ Forecaster Scottish Intercity Report.
Hoteliers in Aberdeen faced further troubles in October with the Granite City’s RevPAR dropping sharply year-on-year as the declining oil industry continues to take its toll, according to the monthly LJ Forecaster Scottish Intercity Report.
Robert Crook is the UK managing director of hotel management firm Interstate. He talks to BigHospitality about the state of the market and the similarities between running a hotel and making a cocktail.
London hotels enjoyed a second consecutive month of profit growth in May, driven by an increase in revenue per available room (RevPAR), but their regional counterparts also had a successful month, according to two new reports.
Hotels in London suffered a drop in occupancy, average room rate and revenue per available room (RevPAR) last month as November served up the second worst profit decline of the year for the capital's venues.
In July, during the build-up to the London 2012 Olympics, hotels in London suffered a drop in occupancy of 10.2 per cent as a result of a fall in demand from leisure and tour group visitors but the city still led the way among major cities in Europe.
Hotels in London recorded the worst financial performance of 2012 in June, with the extended holiday for the Queen’s Diamond Jubilee combined with Government warnings of transport disruption and fears over accommodation pricing before the Olympics leading...
Hotels in the UK posted April results that PKF Hotel Consultancy Services described as 'exceptionally strong' with a stronger performance compared with the same month in 2011 when the industry was boosted by the Royal Wedding.
With another year plagued by a poor economic backdrop, hotels in London were able to record a second consecutive year of profitability growth in 2011, but provincial properties suffered a fourth successive year of profit decline.