Poor weather to blame for hotel business slowdown

Source/Contact: Caterer Search, 30/04/2008

An early Easter holiday and poor spring weather resulted in a slowdown in business for hotels in March, according to a report by PKF.  London saw a small increase in room rate rising 0.6% from ₤124.13 to ₤124.87 in March, although occupancy fell 2.2% year-on-year.  Revpar in London fell 1.6% from ₤100.99 in 2007 to ₤99.35.  The rest of the UK saw an average drop in room rate of 0.4%, but a more significant 3.7 percentage point fall in occupancy, which slipped to 67.6%.  Revpar was down 5.6% to ₤49.29.