London hotels remain steady

28th July 2008, 12:26pm

Room rates were the main driver in London hotels in June, experiencing an increase of 7.0% between 2007 and 2008, according to the latest monthly figures released today by PKF Hotel Consultancy Services.

Occupancy dipped by 2.6% in the capital, and room yields rose by a healthy 4.3%.

In the regions, room rates increased by 2.0% from £77.00 last year to £78.56 this year. Occupancy fell from 76.8% in 2007 to 75.0% this year – a decrease of 2.5%.

Birmingham also had a strong month with a 4.1% hike in room rate and a 3.5% rise in occupancy levels.

Robert Barnard, partner for PKF, commented on these results: "These preliminary figures for June show that the UK hotel industry continues to remain steady in 2008. There has been a slight decrease in the occupancy figures for some cities in the month, but the beginning of the summer holiday season goes some way towards explaining this."

And focusing on London hotels, Barnard added "It will be interesting to see if the Farnborough air show has its usual positive impact on London's hotels in next month's figures."

Weblink:

www.pkf.co.uk  

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