In April, London hotels posted negative results with a decrease in gross operating profit per available room (GOPPAR) mainly driven by rooms revenues. On the other hand, the UK Provinces once again recorded positive year-on-year movements across all key performance indicators, according to the latest data from HotStats.
Hotels in the North West of the country achieved a combined uplift in occupancy of 1.9 percentage points and in average room rate (ARR) of 4.0% resulting in an increase of 6.7% in revenue per available room (RevPAR) to £57.51. However mixed performances were recorded in non-rooms revenues, which softened total revenue per available room (TRevPAR) levels to a growth of 3.6% to £103.22.
Hoteliers also managed to reduce payroll by 0.1 percentage points to 31.5% which delivered a 4.9% surge in departmental operating profit per available room (DOPPAR) compared to the same period last year. Despite overheads per available room climbing by 2.4%, GOPPAR shot up by 7.2% delivering a gross operating profit conversion of 29.0% for the month.
Click to read full article (with graph): Hospitality Net
