• Provincial hotels see profits drop

A 1.6% increase in revpar masked hotels in the provinces suffering the biggest drop in year-on-year profitability levels since January, according to the latest HotStats survey from TRI Hospitality Consulting.

Goppar fell back by 4.1% during October to £32.89 from £34.31. Although price and volume are continued to show signs of recovery, ancillary spend dropped. Goppar in London grew by 16% the commercial sector continued to show signs of improvement.

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