Steady growth for London hoteliers

1st September 2008, 12:44pm

Hotels in London experienced a healthy rise in both room rate and occupancy, according to monthly figures by PKF Hotel Consultancy Services.

Figures were pushed by summer events hosted by the capital such as The Proms, the Hampton Court Palace Flower Show and the summer opening of Buckingham Palace.

As a result of the Farnborough Airshow, occupancy jumped 2.0% on the same period last year from 86.5% to 88.3%.

Room rate also soared by 15.6%, up from £140.38 to £162.33, along with the overall rooms yield which hiked by 18.0%, from £121.45 to £143.26.

In the regions, occupancy dipped slightly from 77.2% last year to 75.9% this year. However room rate increased 2.4% from £75.18 to £77.00. Overall, rooms yield was up 0.6% on 2007.

Robert Barnard, partner for PKF, commented on the results of some of the regions: "Overall figures remained steady, but Liverpool was again the city which stood out.

"In contrast, Edinburgh saw further drops across occupancy, room rate and rooms yield. However, these drops do need to be kept in context because last year was a particularly strong one for the city and this year's occupancy figure of 82.2%, is still strong."

Weblink: www.pkf.co.uk

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• 01 Apr 2010 - UK hoteliers survive difficult 2009
• 22 Mar 2010 - London hoteliers achieve healthy growth
• 22 Feb 2010 - Snowfall in January affects many UK hoteliers
• 26 Oct 2009 - London hoteliers continue to fill rooms
• 24 Aug 2009 - Summer holiday season worrying for hoteliers
• 27 Jul 2009 - UK hoteliers experience decline in first half of the year
• 29 Jun 2009 - Occupancy increases for London hoteliers, but the regions struggle
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