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Hotels at Heathrow Airport suffered a profit per room decline, according to HotStats Hotels at Heathrow Airport suffered a profit per room decline, according to HotStats

Profit Slide Continues for UK Hotels - HotStats

The latest worldwide poll of full-service hotels from hotel benchmark service, HotStats, revealed that, despite recording a revenue increase across a number of departments, year-on-year profit per room at UK hotels fell by 5.1 percent during February as cost increases continue to accelerate.

UK-based hotels successfully recorded a 0.2 percent year-on-year TrevPAR increase during the month, which was due to increases across all revenue departments, including rooms (0.4 percent), food and beverage (0.2 percent) and conference and banqueting (3.6 percent).

The room’s revenue growth at UK hotels throughout February was driven by a 1.3 percent achieved average room rate increase and was in spite of a 0.6 percentage point room occupancy decline.

“It has been a tough start to 2018 for hotels in the UK. Now may be the perfect time for hoteliers to consider an alternative strategy, which focuses on searching for opportunities to increase non-rooms revenues, as well as preserving profit levels by reducing costs,” remarked Pablo Alonso, CEO, HotStats.