easyHotel’s Revpar up by 18pc in Q1
easyHotel has announced buoyant Q1 trading across its hotel portfolio.
Published: 24 Apr 2009
easyHotel has announced buoyant Q1 trading across its hotel portfolio.
The budget hotel operator saw Q1 like-for-like occupancy (January - March 2009) increase six percentage points to 71 percent, compared with 65 percent occupancy in Q1 2008. This performance was combined with a seven percent increase in ADR from £32.73 to £35.06 and contributed to a Revpar improvement of 18 percent to £25.03, up from £21.20 in Q1 2008.
The chain is also planning a new easyHotel Management service, launched in conjunction with Chardon Management. It is designed to attract franchise opportunities from property owners who have little or no operating experience but are keen to consider the super budget hotel sector.
easyHotel is currently planning to open around 10 new hotels over the next 12 months, to add to the nine that are currently in operation. A number of these openings will be in the UK.