Research: UK's regional hotels set to see revenues rise

Revenues at regional hotels throughout the UK are expected to rise by the end of the year, according to the latest HotStats research published on MeetPie.com. 

The total revenue per available room is set to go up by 6.5 percent and gross operating profit per available room by 14.4 percent at regional UK hotels. Growth in the regions will outstrip that of the capital, with London set to experience growth at a slower pace as TRevPAR and GOPPAR go up in 2014 by 1.3 percent and 1.8 percent respectively. 

Moreover, all UK hotel markets will continue to grow in 2015, with increases in both metrics anticipated, according to the Hotel Profitability Forecasts Reports released by e-forecasting and HotStats.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.