Room Rates

Malmaison Aberdeen was one of the last hotels to be sold and leased back by the group to help reduce debt

MWB reduces debt but admits ‘challenging’ year ahead

By Luke Nicholls

MWB Group, the owner of boutique hotel chains Malmaison and Hotel du Vin, has successfully reduced its debt to £180m in just six months, with total revenue rising by nine per cent and occupancy and room rates holding firm.

Accor sales grow as room rates recover

Accor sales grow as room rates recover

By Lorraine Heller

The international hotel group Accor has seen revenues grow over the first half of the year as occupancy rates rise steadily and room rates start to recover.

Hotel market recovery delayed to 2011, say execs

Hotel market recovery delayed to 2011, say execs

By Emma Eversham

A survey of hotel executives has shown that more than half aren't expecting to see a recovery in the market until 2011 and the same number think that it will take even longer for room rates to be restored to the same level they were before the recession...