North-South hotel divide widens

Hotel occupancy rates in London are edging up, according to the latest monthly figures from PKF Hotel Consultancy Services.

The May figures put occupancy in the capital up to 82.1 per cent for the month, up from 81 per cent. Widespread discounting meant the average room rate fell, however, by 7.3 per cent to £116.49.

Hotels in the regions were having a harder time, with occupancy down to 70.1 per cent from 74.2 per cent and room rates down even more, by 9.3 per cent to £69.75.

One of the worst hit regional cities was Cardiff, which posted a 25.1 per cent in rooms yield, down to £50.02.

Liverpool and Manchester also had a difficult May.

Partner at PKF Robert Barnard, says: “London’s year round appeal means that visitors continue to stay in the capital’s hotels, pushing up occupancy figures. The economic climate means that hoteliers are having to reduce their rates in order to attract the visitors, however, and overall this is affecting rooms yield.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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