Hoteliers post mix bag of results for October

22nd November 2010, 11:03am

Hoteliers in London experienced an increase in rate, occupancy and yield during the month of October, however regionally hoteliers have posted a mixed bag of results, according to preliminary monthly figures released today by PKF Hotel Consultancy Services.

In the capital, 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. Overall, rooms yield was up from £100.78 in 2009 to £115.50 this year, an increase of 14.6%.

Meanwhile regionally, hoteliers posted a mixed bag of results. Overall this meant the figures were largely positive with increases in occupancy and rooms yield and only a small decrease in rate. Occupancy increased 4.5% from 70.3% to 73.5%; room rate decreased by 0.5% from £62.36 to £62.03; rooms yield increased 4.0% from £43.85 to £45.60.

Some of the Northern cities did not have such positive results. 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.

Robert Barnard, partner for Hotel Consultancy Services at PKF, commented: "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."

Related Articles:

• 23 Jun 2011 - PKF figures report strong hotel performance in May
• 31 Jan 2011 - Snow disruption affects UK hoteliers, says PKF
• 10 Jan 2011 - Strong figures for London hoteliers in November, finds PKF
• 01 Nov 2010 - Strong September for hoteliers across the UK, says PKF
• 29 Sep 2010 - UK hoteliers achieve healthy August, says PKF
• 25 Aug 2010 - London hoteliers achieve strong July figures
• 21 Jun 2010 - Positive outlook for UK hoteliers in May
• 24 May 2010 - Mixed fortunes for UK hoteliers
• 22 Mar 2010 - London hoteliers achieve healthy growth
• 22 Feb 2010 - Snowfall in January affects many UK hoteliers
• 25 Jan 2010 - Hoteliers cash in on December festivities
• 24 Aug 2009 - Summer holiday season worrying for hoteliers
• 28 May 2009 - Regional hotels experience fall in room rates
• 20 Apr 2009 - Further falls for UK hoteliers

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