from today's Hotels newsfeed (2/27):
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Thomson Financial News Super Focus
February 27, 2008 Wednesday 12:16 AM GMT
PWC sees London RevPAR growth slowing to 6 pct in 2008
"Accountancy firm PricewaterhouseCoopers (PWC) believes RevPAR (revenue per available room) in London could still breach the 100 stg threshold in 2008, despite slowing to 6 pct growth from 11.1 pct in 2007.
In a report entitled 'UK Hotels: slowdown not meltdown', PWC said RevPar in the UK capital in its central case scenario is expected to slow from 11.1 pct this year to 6 pct next year and 4.4 pct in 2009. It expects RevPAR in the provinces to break through the 50 stg barrier this year, with growth of 3.2 pct, followed by growth of 3.2 growth in 2009.
Even though it believes the situation is far from rosy, it says there is no reason to expect a meltdown in the UK hotel sector at the current time." ...
for the complete story
Note: The report itself is not out yet, but I'll keep a look out for it.
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