Millennium & Copthorne revPAR still rising

Hotels group Millennium & Copthorne said revenue per available room (RevPAR), a key performance metric in the hotel industry, rose by 4.5 per cent primarily driven by an increase in average room rate.

Hotels group Millennium & Copthorne said revenue per available room (RevPAR), a key performance metric in the hotel industry, rose by 4.5 per cent primarily driven by an increase in average room rate.

RevPAR increased to £70.06 during the second quarter to 30 June 2012 from £66.37 the same quarter a year earlier. On a constant currency basis RevPar rose 5.6 per cent.

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