M&C Hotels 2017 revenue up, but Europe occupancy down

Bengaluru

MILLENNIUM & Copthorne Hotels reported on Thursday a 7.9 per cent rise in annual revenue per room, helped by a weaker sterling and strong growth across its markets except Europe.

Reported revenue per available room (RevPAR), a key metric that measures a hotel's financial health, improved in all regions in the fourth quarter, the company said, except in Europe, where it fell 2.9 per cent due to a drop in occupancy.