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June is another bumper month for UK hoteliers
Hoteliers in London and the regions had the best June since the millennium, according to the latest figures from PKF hotel consultancy.
Having just enjoyed the best May since 2000, a warm June helped give the industry another boost, with yield on London hotel rooms rising 11.5% from £96.02 in 2005 to £107.08 this year.
This was achieved by a combination of a 5% increase in the daily room rate from £117.66 to £123.50 and a 6.2% increase in occupancy to 86.7%.
Visitors from outside the traditional domestic, European, US and Japanese markets now account for nearly one in four London hotel guests (24.2%) – a 15.8% increase on June 2005 figures.
Performance in the regions was less spectacular but rate, occupancy and yield were still up 1%, 1.3% and 2.3% respectively and made June the best since 2000.
Robert Barnard, partner for hotel consultancy services at PKF, said: “A year on from the tragedy of the London bombings after which hotel occupancy figures plunged, the comeback clearly demonstrates both the resilience of hoteliers and the timeless appeal of the capital as a globl destination.”
By Bev Fearis
Phil Davies
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