A sharp decline in leisure and corporate travel during the first quarter of 2009 resulted in a 9 per cent decline in RevPAR at UK hotels – a weaker than expected performance for the usually busy Easter period.
According to advisory firm Deloitte's latest report, RevPAR across regional UK hotels fell by 10.3 per cent to £41. The largest drops were at Gatwick and Heathrow Airports, down 23.5 per cent and 21.9 per cent respectively. BAA reported a 10.1 per cent drop in passengers at UK airports during the first quarter with one of the most dramatic falls at Gatwick – down 14.6 per cent.
RevPAR at London hotels also fell by 8.1 per cent to £82 and average room rates dropped by 3.5 per cent to £113.
This decline has been attributed to fewer people traveling abroad, resulting in lower demand at airport hotels. Passenger numbers were also down 6.4 per cent at Heathrow accounting for some of the drop off in hotel performance. However, the situation was made worse by the surge in new hotel supply associated with the opening of Terminal 5 and the recent opening of several new budget hotels.
Marvin Rust, hospitality managing partner at Deloitte, said: "The weak pound is one factor helping London hotels perform better than other UK destinations. For those who earn US dollars or Euros, London is less expensive than it has been for a number of years, and therefore tourists are keen to take advantage of this and are helping to fill London hotels."
"Reduced consumer and business spending stemming from the global economic downturn continues to challenge the hotel industry and this will be the story until at least the final quarter of 2009.
"Cost cutting measures are now almost universal and 95 per cent of CFOs plan to cut, or have already cut, discretionary spending such as travel, hotels, entertainment and training. More Brits holidaying in the UK this summer and an increase in the number of American and European visitors taking advantage of the weak pound will soften the downturn for hoteliers to a degree. However we are still looking at considerable revPAR declines for both regional UK and London for the rest of the year.”
A sharp decline in leisure and corporate travel during the first quarter of 2009 resulted in a 9 per cent decline in RevPAR at UK hotels – a weaker than expected performance for the usually busy Easter period.
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A sharp decline in leisure and corporate travel during the first quarter of 2009 resulted in a 9 per cent decline in RevPAR at UK hotels – a weaker than expected performance for the usually busy Easter period.
According to advisory firm Deloitte's latest report, RevPAR across regional UK hotels fell by 10.3 per cent to £41. The largest drops were at Gatwick and Heathrow Airports, down 23.5 per cent and 21.9 per cent respectively. BAA reported a 10.1 per cent drop in passengers at UK airports during the first quarter with one of the most dramatic falls at Gatwick – down 14.6 per cent.
RevPAR at London hotels also fell by 8.1 per cent to £82 and average room rates dropped by 3.5 per cent to £113.
This decline has been attributed to fewer people traveling abroad, resulting in lower demand at airport hotels. Passenger numbers were also down 6.4 per cent at Heathrow accounting for some of the drop off in hotel performance. However, the situation was made worse by the surge in new hotel supply associated with the opening of Terminal 5 and the recent opening of several new budget hotels.
Marvin Rust, hospitality managing partner at Deloitte, said: "The weak pound is one factor helping London hotels perform better than other UK destinations. For those who earn US dollars or Euros, London is less expensive than it has been for a number of years, and therefore tourists are keen to take advantage of this and are helping to fill London hotels."
"Reduced consumer and business spending stemming from the global economic downturn continues to challenge the hotel industry and this will be the story until at least the final quarter of 2009.
"Cost cutting measures are now almost universal and 95 per cent of CFOs plan to cut, or have already cut, discretionary spending such as travel, hotels, entertainment and training. More Brits holidaying in the UK this summer and an increase in the number of American and European visitors taking advantage of the weak pound will soften the downturn for hoteliers to a degree. However we are still looking at considerable revPAR declines for both regional UK and London for the rest of the year.”
A sharp decline in leisure and corporate travel during the first quarter of 2009 resulted in a 9 per cent decline in RevPAR at UK hotels – a weaker than expected performance for the usually busy Easter period.
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
Strength training is evolving,
driven by changing consumer
preferences. Julie Cramer talks
to innovators about how their
products are meeting this demand
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
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Active Blackpool is deploying Cornerstone Connect, a new digital interface allowing
disparate information from multiple systems to be aggregated into one dataset, to support
its focus on reducing health inequalities and improving healthy life expectancy.
CoverMe, the global leader in fitness workforce management, today launches CoverMe PT, an
on-demand personal training platform that connects the right personal trainer to the right
client in under 10 seconds.
Successful rehabilitation requires more than treatment alone. It requires the right
environment to rebuild strength, restore movement and help people return to everyday life,
training and sport with confidence. BLK BOX has partnered with David Grey Rehab...
Pure Energy Music, the complete music and technology solution for the fitness industry, has
been announced as Official Music Partner for Deka Manchester 2026, bringing music curated
for fitness to one of the UK's largest fitness racing weekends.
