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UK hotels show further growth
UK hotels are continuing to thrive – with just one blip for regional properties, latest figures have revealed.
Analysis by PKF consultancy showed room rates in London and the regions during May rose 2.3% and 4.3% respectively on the same month last year. The increase took average rates to almost £107 in the capital and £67.32 elsewhere.
In London, occupancy also increased, by 3.7% to 78.9%, but there was concern in the regions where it fell 2.5% to 72.4%. Room yields however rose in both – by 6.1% in the capital to a little more than £84 and 1.6% in the regions to almost £49.
PKF hotel consultancy services partner Robert Barnard said: “It is encouraging to see room yields continue to rise although they haven’t managed to hit the exceptional double figure increases witnessed in April. That however, was largely attributed to Easter.”
He played down the decline in regional occupancy, putting it down to the May bank holiday.
“With a bit of work hoteliers will see the good weather draw back the guests. Hopefully London will continue to build on the promising figures seen so far.”
Report by Steve Jones
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