STR Global released a report that showed steep declines in revenue per available room (RevPAR) in Great Britain.

London and Regional UK from October through the beginning of November was the areas and time span sampled. Liverpool was the only exception to the decline, benefiting from its European Capital of Culture 2008 status.

The UK is following in line with larger global trends in declining occupancy rates and increasing room rates for the first 9 months of the year. Year-to-September analysis had some brighter news, still showing a 3-percent Rev-PAR growth across the UK, mostly driven by a 4-percent growth in room rates compared with statistics from last year.

Still, it is clear that the UK will not be the exception in a world economy that is struggling.

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