Monday, August 16, 2004

Robust recovery on the cards for London hotel industry

eyefortravel.com - Travel Distribution News, Events and Analysis: "HotStats revealed that revenue per available room in the first three months has jumped 13.5%. Provincial hoteliers apparently saw a slightly lower but still healthy 4.9% rise in revpar. This meant that, for the entire HotStats sample of 544 hotels, revpar climbed by 7.9%.
'This is the clearest signal yet that the industry is now on a recovery path, ending the challenging trading environment of the last three years,' says Jonathan Langston, Managing Director of TRI Hospitality Consulting. "

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