000 01465cam a2200277 4500
001 ABS68008
008 040716n2004 000 0 eng u
035 _a(Sirsi) u126802
100 _aRust, M.
245 _aRooms for rent
260 _c2004
490 _aAccountancy
_v134(1331) July 2004, 54-55(2)
520 _aThe outlook for Europe's hotel industry looks set to improve, according to Deloitte's latest "HotelBenchmark survey". Data shows that revenue per available room (revPAR), the hotel industry's key performance measure, rose 10% in March 2004 to reach £44. The rise in room yields was mainly due to the result of increased bookings. Occupancies averaged 65% in March, a rise of 8.3% on last year. The UK's hotel industry has shown good recovery after a poor 2003. London reported the highest first quarter hotel occupancy level of any city across Europe, at 72.6%. Across Europe, improvement is expected in revPAR levels as economic conditions improve and new markets are opened up for consumers by the availability of cheaper flights. Visit www.HotelBenchmark.com for further information on how to join the survey.
590 _aABS
590 _aABS
650 _aHOTEL INDUSTRY
650 _aLEISURE INDUSTRY
650 _aEUROPE
650 _aHOTEL PERFORMANCE
650 _aOCCUPANCY
650 _aLONDON
650 _aUNITED KINGDOM
650 _aECONOMIC RECOVERY
690 _aCOMMERCIAL PROPERTY-MARKET
942 _n0
999 _c117714
_d117714