London Chain Hotels Report Profit

30th August 2010 (Last Updated August 30th, 2010 18:30)

The profitability of London chain hotels increased 30.5% in July this year compared with same period a year ago, according to a survey by TRI Hospitality Consulting. The rise in profit was due to the 91.9% increase in room occupancy and 19.6% increase in average room rate,

The profitability of London chain hotels increased 30.5% in July this year compared with same period a year ago, according to a survey by TRI Hospitality Consulting.

The rise in profit was due to the 91.9% increase in room occupancy and 19.6% increase in average room rate, pushing up the revenue per available room (revPAR) by 23.9%.

The report said the Farnborough Air Show resulted in $47bn worth of orders followed by a public weekend, which attracted 108,000 visitors to London.

The UK Chain Hotels sample is composed of 519 hotels with an average hotel size of 184 bedrooms and which operate primarily in the three and four-star sectors.