News
UK hotels report 'highest ever monthly revenue' during July
By Tom Walker
The strength of demand has been attributed to an uplift in staycations since the Brexit vote / Shutterstock
July is not historically a month during which UK hoteliers would expect to be achieving a TRevPAR high
– Pablo Alonso
UK hotels achieved the highest ever monthly total revenue per available room (trevpar) in July, according to new figures from data company HotStats.
TRevPar increased by 5.6 per cent to £162.48, eclipsing the previous high of £161.14 recorded in September 2017.
The increase represented a second consecutive month of TRevPAR growth during what HotStats described as an "otherwise forgettable year of trading for hotels in the UK".
“July is not historically a month during which UK hoteliers would expect to be achieving a TRevPAR high," said Pablo Alonso, CEO of HotStats.
"However, soaring demand levels, which have primarily been led by the leisure segment have helped hotels to drive top-line revenues in this month over the last couple of years.
“The strength of demand has been attributed to an uplift in staycations since the Brexit vote, as well as an increase in international visitors to the UK.
"The improvement will be to the delight of hotel owners and operators as July presents an opportunity to drive revenue and profit which previously did not exist.”
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UK hotels achieved the highest ever monthly total revenue per available room (trevpar) in July,
according to new figures from data company HotStats.
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