2025年第一季度英国酒店仪表板

Investment Rating - The report indicates a challenging start for the UK hotel market in Q1-2025, with a marginal increase in occupancy and declining average daily rates (ADR) and revenue per available room (RevPAR) [5][7][34]. Core Insights - The London hotel market's occupancy averaged 73.1%, showing a slight increase of 0.7% compared to Q1-2024, while luxury hotels experienced a more significant rise of 1.4 percentage points [5][6]. - ADR in London decreased by 2.3% to €198, with RevPAR declining by 1.3% to €145, indicating a softening demand across various hotel segments [6][7]. - Payroll costs rose by 4.6% year-on-year, accounting for 34.6% of total revenue, which is a 1.9 percentage point increase, reflecting the impact of rising costs and declining revenues [8][37]. - Operational efficiencies have been implemented to manage costs, with total departmental costs increasing by only 1.4% despite falling revenues [10][11]. Summary by Sections London Hotel Market - Occupancy rates reached 73.1%, with luxury hotels at 65%, still below pre-pandemic levels [5][6]. - ADR decreased to €198, while RevPAR fell to €145, with upper-midscale and select service hotels facing the most significant declines [6][7]. - Payroll costs increased by 4.6% year-on-year, significantly impacting profitability [8][13]. Regional UK Hotel Market - The regional UK hotel market saw occupancy levels at 67.4%, with marginal revenue growth and a decline in ADR for certain segments [34][35]. - TRevPAR growth outpaced RevPAR growth, driven by increased leisure spending, particularly in golf and spa hotels [36]. - Payroll costs rose by 4.9% year-on-year, with total departmental costs increasing by 3.5%, leading to a decline in operating margins [37][38]. Investment Volumes - In Q1-2025, hotel investment volumes reached £800 million, with over 50 transactions, primarily in the luxury and upper-upscale segments [68][69]. - The geographical capital flows indicate a strong market share for London, accounting for 60% of transactions [68][70].