October was another good month for London hoteliers, according to monthly figures released today by PKF Hotel Consultancy Services.
They enjoyed increases in rate, occupancy and yield compared with October 2009, but regional hotels recorded mixed results.
While Birmingham benefited from the Tory Party conference and Edinburgh had a strong month, Leeds and Manchester suffered.
In Leeds, occupancy was down 3.8% to 74.8%, room rate increased by 1.3% to £66.65 and rooms yield decreased by 2.5% to £49.83.
In Manchester, room rate was down 3.4% to £75.12, occupancy was down 0.6% to 79.1% and rooms yield was down 3.9% to £59.42.
In London, room rate increased 12.8% from £115.56 in 2009 to £130.37 in 2010.
Occupancy was up 1.6% from 87.2% to 88.6% in 2010 and overall, rooms yield was up from £100.78 in 2009 to £115.50 this year, an increase of 14.6%.
Robert Barnard, partner for Hotel Consultancy Services at PKF, said: “The capital continued to post robust results in October which suggests that global business travel continues to strengthen.
“The regions are a mixed picture with some cities posting stronger results than others. Overall, the figures are relatively positive, but as the public sector cuts start to hit home, it is likely the regional figures will start to fall back again in 2011.â€
By Bev Fearis
