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UK hotels show strong September
Saturday, 26 Oct, 2010
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Despite gloomy economic predictions following last week’s spending review, UK hoteliers had an upbeat September according to consultancy PKF.
Room rates, occupancy and yield were all up with London showing particularly strong figures.
In the capital, room rate increased 12.5% from £118.56 in 2009 to £133.37 in 2010 while occupancy increased 4.7% from 85.0% to 89.1%. Room yield increased by 17.8% to £118.80 from £100.89.
Regionally, there was a small decrease in room rate from £65.45 in 2009 to £65.42 this year while occupancy was up from 73.3% to 77.7%. Rooms yield increased by 5.9% to £50.84 compared to £48.02 last year.
PKF says Manchester fared well in September thanks to the Labour Party conference (occupancy up 5.4%) and Edinburgh has a “solid” month (occupancy up 1.2%).
The report adds that Liverpool, however, performed less successfully for September, with room rate down 6.8%, occupancy down 3.7% and room yield down 10.3%.
PKF partner Robert Barnard said:“The Chancellor’s spending review announced last week is likely to affect hoteliers moving forward, as businesses tighten their belts once again. The solid figures we have seen over the past few months are at least a good start point if there are to be further bumps in the road ahead for the UK’s hoteliers."
Dinah
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