Park Plaza Room Rates Down

29th June 2010 (Last Updated June 29th, 2010 18:30)

Park Plaza Hotels' average room rate in 2009 slipped to £79.34 ($110) compared with £92.43 ($138) in 2008. Hotel occupancy, however, remained stable with 79.1% compared with 79.8% in 2008, while RevPAR stood at £62.81 ($93) compared with £73.28 ($109) in 2008. The com

Park Plaza Hotels' average room rate in 2009 slipped to £79.34 ($110) compared with £92.43 ($138) in 2008.

Hotel occupancy, however, remained stable with 79.1% compared with 79.8% in 2008, while RevPAR stood at £62.81 ($93) compared with £73.28 ($109) in 2008.

The company, which launched the Park Plaza Westminster Bridge Hotel earlier this year, said its London properties had performed well, according to bighospitality.co.uk.