Meridien tops North Mumbai’s RevPAR, OCC: STR
The 171-room Le Royal Meridien in Mumbai has topped a North Mumbai competition set of five in RevPAR and occupancy charts according to the latest STR Report.
STR consolidated North Mumbai hotel performance of calendar 2009 where Meridien’s only Mumbai hotel outshone its peers with an average occupancy of 75.5% vs the competitive set of 63.8%. Five other hotels in the North Mumbai region were part of the report.
The hotel was top ranked in the same competition set last year and second in 2007.
In RevPAR, Meridien registered its annual figures at Rs5,693.90 vs the competition set of Rs5,137.96. This is the first time in the three year average that the hotel is the best performer. Among the five hotels, Meridien was the fourth in 2007 and third in 2008.
The other parameter STR check on was ADR. Here Meridien is in the lower two with an ADR of Rs7,542.44 vs the competition set of Rs8,048.35. It was last last year and fourth in 2007.
The report is the summation of all four quarters put together for all hotels of North Mumbai.