M&C enjoys Olympics pick-up

Revenue per available room (RevPAR), a key metric in the hotel business, rose in the third quarter at Millennium & Copthorne (M&C), with London enjoying an Olympic boost.

Revenue per available room (RevPAR), a key metric in the hotel business, rose in the third quarter at Millennium & Copthorne (M&C), with London enjoying an Olympic boost.

M&C's revPAR in the third quarter improved 2.6% to £71.23 from £69.41 the year before. RevPAR in London was up 20.2% year-on-year, and also increased in the Rest of Europe (5.6%) and the US (1.5%), despite an 8.0% decline in New York. However, revPAR declined by 0.2% in Asia.

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