Brexit-induced pound slide attracts tourists to M&C’s London hotels
(Reuters) – Millennium & Copthorne Hotels Plc
The operator of the Millennium, Grand Millennium, Copthorne and Kingsgate hotels said occupancy for its eight London hotels grew 4.8 percent over the third-quarter ended Sept. 30.
However, weak trading in M&C’s hotels in other major cities such as New York and Singapore weighed on third-quarter revenue per available room (RevPar), a key industry measure, which fell 1.7 percent in constant currency.
It had reported comparable RevPar fall of 4.2 percent for the first half.
(Reporting by Esha Vaish in Bengaluru, editing by Louise Heavens)