Regional hotel revenue will outstrip London rises says joint forecast from e-forecasting and HotStats.
Regional UK total revenue per available room (TRevPAR) and gross operating profit per available room (GOPPAR) are forecast to rise by the end of the year by 6.5% and 14.4% respectively.
London will also experience positive year-on-year comparison but at a slower pace with TRevPAR and GOPPAR going up in 2014 by 1.3% and 1.8% respectively.
Moreover, both regional UK and London hotel markets will continue to grow in 2015 with rising TRevPAR and GOPPAR anticipated, according to the Hotel Profitability Forecasts Reports released by e-forecasting and HotStats.??
HotStats and e-forecasting are delighted to announce the launch of the Hotel Market Profitability Forecasts with Quarter 3 results.
These reports are the first of their type to present a full picture of the health of the hotel industry with a focus on occupancy, average room rate (ARR), rooms revenue per available room (RevPAR), TRevPAR and GOPPAR. ??
"We are delighted to be working with HotStats in launching the first Hotel Market Profitability Forecasts " comments Maria Sogard, CEO of e-forecasting.com.
“By drawing even further on the depth of HotStats’ unique database, we are able to glean important insights to the hospitality industry.
“Quarter after quarter, our subscribers take a measure of the real health in their market place and the ever changing predictive analytics that are expected to drive hoteliers’ business,” Sogard continues. ??
“HotStats has a long-standing commitment to deliver Total Revenue and Hotel Profitability as the ultimate hotel metrics.
“We are very excited about the new level of hotel market intelligence insights that our partnership with e-forecasting will allow us to bring to our current and future customers as well as to the industry as a whole,” adds Pablo Alonso, general manager of HotStats. ??
“The Hotel Market Profitability Forecasts are real-time quarterly profitability forecasts covering major markets across the UK, Europe, Middle East and North Africa.
“Each Quarterly Forecast includes predictions for 24 months, 8 quarters and three years out for each of the key hotel performance metrics. ?