Good HR practice within the meetings and events industry – navigating today’s challenges
Next in our series of guest editors, we'd like to introduce HR expert Kate Goodman, a member of the CIPD and a Mental Health First...
London RevPAR growth softens
Regional performance continues to deteriorate as London RevPAR growth is softening
According to the Q4 2019 UK Hotel Market Tracker London recorded RevPAR growth of 0.9% for the final quarter of the decade. Report published by AlixPartners, STR and HVS,
Whilst these figures are encouraging, hoteliers will be keeping a close eye on softening occupancy, especially given active pipeline levels above 10%.
Regional RevPAR declined 2.7% in Q4. The regions posted a decline of 1.9% for the full year 2019, marking the first annual decline since 2015.
Transaction volumes were 19% down in 2019, as increased portfolio activity was more than offset by a steep decline in single assets sales.
Transactions are up in Q4 2019 and with greater political certainty, investors are likely to be cautiously optimistic about a resurgence in activity heading into 2020.
