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11.
December
2014.
Hotel growth to continue into 2015, say experts – NFS Technology Group responds
 Hotel growth to continue into 2015, say experts – NFS Technology Group responds
 

 

NFS Technology Group, provider of hotel software, have responded to a report suggesting that hotel performance for regional UK hotels is set for continued growth until the end of the year and into 2015.

The report, Hotel Market Profitability Forecast, released as part of a joint effort by HotStats and e-forecasting.com, suggests that before the year ends total revenue per available room (TRevPAR) and gross operating profit per available room (GOPPAR) for regional hotels in the UK should see 6.5% and 14.4% growth respectively.

On the other hand, growth in London is expected to be substantially slower, with only 1.3% TRevPAR growth and 1.8% GOPPAR growth expected come the end of December.

Positive growth figures are set to continue well into 2015, with both TRevPAR and GOPPAR expected to continue climbing both regionally and in London.

General manager of HotStats, Pablo Alonso, said: “HotStats has a long-standing commitment to deliver total revenue and hotel profitability as the ultimate hotel metrics. We are very excited about the new level of hotel market intelligence insights that our partnership with e-forecasting will allow us to bring to our current and future customers as well as to the industry as a whole.”

STR Global, another hotel data specialist, believes RevPAR in 2015 will rise by 3%.

Managing director of STR Global, Elizabeth Winkle, said: “Demand growth picked up in November, showing the fastest increase in this measure of any month in 2014 so far. Our RevPAR forecast for 2015 remains positive in anticipation of the Rugby World Cup towards the end of the year and due to the confidence in a growing UK as well as European economy in the coming years.”

NFS Technology Group, a world leading provider of hotel software roomMaster, often share their thoughts on related industry news and research.

A spokesman for NFS Technology Group: “Growth in the UK hospitality sector has been seen across the board and it’s great to see that the hotel industry in particular is continuing to grow and is forecast to improve all the way through 2015. There has also been significant growth in the quality of service offered as more and more hotels are utilising revolutionary software like the roomMaster suite we offer.

“If you’re in the UK and you want to capitalise on growing hotel demands, get in touch with us today to learn about roomMaster.”

NFS Technology Group specialise in hotel reservation systems. They have offices around the world, including in the United Kingdom, and deliver solutions to thousands of hotels. Visit their website at www.roommasterpms.co.uk to learn more about roomMaster software and how it could benefit your business.