PropertyEU

London hotel profit down 17% as corporate guests stay away

By A staff reporter 2009-03-25T00:00:00

The profitability of London chain hotels fell by 16.9% in February, according to the latest HotStats survey by TRI Hospitality Consulting. London hotels generated daily profit - expressed as income before fixed charges (IBFC) - of £47.75 per available room compared to £57.46 the same month a year earlier.

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