Strong figures for London hoteliers in November, finds PKF

10th January 2011, 9:11am

November was another strong month for hoteliers in London with increases, compared to the same time last year, in room rate, room occupancy and rooms yield.

 The regions also had a steady month, according to final monthly figures released today by PKF Hotel Consultancy Services.

In London, room rate increased 10.5% from £133.54 in 2009 to £147.54 this year. Occupancy was up 0.3% from 85.8% in 2009 to 86.0% in 2010. Overall, rooms yield was up from £114.51 last year to £126.88 this year, an increase of 10.8%.

Regionally, hoteliers posted a mixed, but mostly positive bag of results. The figures were positive with increases in room rate, room occupancy and rooms yield. Occupancy increased 4.0% from 66.8% to 69.6%; room rate decreased by 0.9% from £63.16 to £63.74; rooms yield increased 5.0% from £42.24 to £44.34.

Robert Barnard, partner for Hotel Consultancy Services at PKF, commented: "November appeared to be a generally steady month across the board which is great for the industry. The December figures could be more interesting as the majority of the snow disruption fell into this month. 

"This can be both good and bad for hoteliers, with some losing out on bookings because travellers cannot get to their destination, while others benefit from stranded passengers looking for a bed for the night.
 
"Looking into 2011, I have mentioned previously that the government's spending cuts are likely to impact regional hotels, but on the flip side, for London, the royal wedding could provide a welcome boost."

Related Articles:

• 31 Jan 2011 - Snow disruption affects UK hoteliers, says PKF
• 22 Nov 2010 - Hoteliers post mix bag of results for October
• 29 Sep 2010 - UK hoteliers achieve healthy August, says PKF
• 25 Aug 2010 - London hoteliers achieve strong July figures
• 24 May 2010 - Mixed fortunes for UK hoteliers
• 22 Mar 2010 - London hoteliers achieve healthy growth
• 25 Jan 2010 - Hoteliers cash in on December festivities
• 26 Oct 2009 - London hoteliers continue to fill rooms
• 28 May 2009 - Regional hotels experience fall in room rates
• 20 Apr 2009 - Further falls for UK hoteliers
• 26 Jan 2009 - UK hotel room rates continue to decline
• 24 Sep 2008 - UK hotels steady despite gloomy August

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