UK: Hotels in the capital rattled by fear of terrorism

Fear of terrorism seem to have hit the London hotel market. The Premier Inn chain have said that they could 'reduce investments' because they view it as 'not unlikely' that a terrorist attack could take place in London. After all, London is one of the biggest trade zones in Europe, and in these insecure times one can never know.

Whitbread, owner of Costa Coffee, have demonstrated a drop of 6pc in total revenue-per-available room. Like-for-like sales dropped with 3pc.

At the whole of it, like-for-like revpar have slipped 0.5pc - comparable to the 1.2pc rise in the wider markets to June 2nd. Alison Brittain said that the slides without doubt have been triggered by nervousness of terrorism in bigger cities - even if some of the decline can be attributed to the company extending its hotels. 

2 comments:

  1. Being afraid.. What good does it do? Business as usual my friend!

    ReplyDelete
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