StockMarketWire.com - Budget branded hotels group easyHotel said total sales rose sharply even as revenue per room growth in the UK was hampered by falling consumer confidence amid economic uncertainty.

For 2018, total system sales were up 24% to £19.9m and revenue gained 47% to £7.0m.

Owned hotels like-for-like RevPar up 5.4% for the year, while franchise like-for-like RevPar down 3.5%

Revenue per available room (RevPar), a key measure of performance in the industry, rose just 0.4% as relatively strong market demand in London was off-set by a weaker regional market performance, with a marked deterioration in RevPar across the UK in Q2 as compared with Q1m the company said.

'As a result the short-term market outlook remains uncertain,' the company warmed.

'Ongoing political and economic uncertainty continues to impact consumer confidence as demonstrated by weakening quarter-on-quarter demand across the market, both in the UK and in Europe,'; said Guy Parsons, CEO of easyHotel.

'However, our actions to drive occupancy, including working closely with on-line travel agents (OTAs) to increase brand awareness, has meant that easyHotel has continued to outperform its competitors as consumers seek out the best value for money.'


At 9:46am: [LON:EZH] Easyhotel Plc share price was +3.5p at 70p



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