Profit & Loss Key Performance
Indicators – Total UK (in GBP)
May 2018 v May 2017
RevPAR: -1.2% to £93.30
TrevPAR: -1.3% to £142.82
Payroll: +0.7 pts to 27.7%
GOPPAR: -4.3% to £55.48
The falling revenue levels and rising costs
meant profit per room fell by -4.3% this
month, to £55.48 and contributed to the
-4.0% drop in GOPPAR at UK hotels for
year-to-date 2018.
“As this is only the second time there has
been a decline in TrevPAR in the last 20
months, it is probably more of a blip in
performance than a sea of change.
However, with an additional six days of
school holidays due to the two Bank Holiday
weekends and May half-term, the UK hotel
market was undoubtedly more reliant on
the leisure sector this month, which has
not performed” said Pablo Alonso, CEO of
HotStats.
Leased Hotels market
blossoming according to JLL’s
Spring Bulletin
JLL published its spring Leased Hotels
Bulletin on 13th June, which shows that
Q1 of 2018 saw a strong start for the
Alternatives property sector and Leased
Hotels in particular.
Commenting on JLL’s findings, Richard
Servidei, director in the firm’s
Alternatives team, said: “Securing
over 28% of market share, Alternatives
transactions topped £3.2 billion, with over
£500m of this transacted within the leased
hotel space It is not only investment volumes
that are grabbing the headlines at the start
of 2018.
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“According to BDO’s Hotel Britain 2018
report, the average daily rate in UK hotels
exceeded the £100 mark with an increase
of 3.4% year-on-year. BDO attributed these
increases to the weak pound encouraging UK
tourism. They forecast that 21,700 rooms are
expected to open throughout 2018 and 2019,
with 38% of these being in London.
“This positive news is reflected in
Travelodge’s recent announcement that that
they are looking to open 12 hotels within
Kent alone. This expansion represents an
investment of £60m, the creation of 300 jobs
and will boost Travelodge’s portfolio in Kent
to 25 hotels over the next few years.
“Furthermore, in 2018 it plans to open 20
hotels nationwide, including a flagship
395-bedroom hotel on Middlesex Street in
the City of London. Similarly, Whitbread is
planning to add more than 30 hotels to its
Premier Inn estate by February 2019 as part
of its quest to reach 85,000 bedrooms over
the next two years.
The expansion plans suggest that a new hotel
will open every two weeks in the run up to
this date, comprising 4,300 bedrooms
across the UK.”