United Kingdom
United States
Asia Pacific
London hotels slump confirmed in aftermath of terrorist attacks
Occupancy levels at London hotels slumped by more than 13% in August as the aftermath of July’s terrorist attacks took its toll on the capital.
According to figures released by PKF (UK) LLP hotel consultancy services occupancy in London was 66.9% – down 13.2% on the same period last year – while average room rate rose 3.6% to £98.13. Rooms yield dropped 10.1% to £65.67.
There was a brighter picture outside the capital with regional hotels showing a 0.7% rise in occupancy to 73.9%, while average room rate rose 2.9% to £64.91, leading to a 3.7% rise in rooms yield to £47.95.
PKF hotel consultancy services partner Robert Barnard said: “London hoteliers have been badly hit by the aftermath of the terrorist attacks on the capital in July.
“The August results are the first full set of figures to take into account the change in behaviour of travellers to the London since the attacks. Whilst there have been cancellations by transatlantic visitors, it is the drop in European guests that has had the strongest impact on the city.
“Fear of travelling into and around London has knocked occupancy levels and clearly hoteliers did not think that discounting room rates was going to help under the circumstances. Whilst we are seeing a return to normality and expect next month’s figures to reveal a stronger picture, it may take some time to build back the confidence to pre-July levels.
“Regional hotels showed steady progression with an almost 4% rise in rooms yield, proving that the problems faced by the London market has not had a noticeable impact on hotels in the rest of the UK.”
Report by Phil Davies
Phil Davies
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak