Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 30, 2011

UK hotel industry reveals October results

Hotels in London, UK, reported year-on-year growth with room yield rising to £112.70 from £111.14 in October 2010, driven by a 3.6% increase in room rates from £124.97 to £129.43.

Hotels in London, UK, reported year-on-year growth with room yield rising to £112.70 from £111.14 in October 2010, driven by a 3.6% increase in room rates from £124.97 to £129.43.

Occupancy in the capital city fell for the third consecutive month, however, with a 2.1% drop to 87.1%, according to hotel data released by PKF Hotel Consultancy Services.

Room yield for the rest of the UK fell to £42.99 from £43.37, and room rates dropped to £57.75 from £59.39, although the average occupancy rate rose by 1.9% to 74.4%.

"These results demonstrate that the hotel sector is not immune to the challenges facing the economy as a whole, but is holding up well," said PKF Hotel Consultancy Services partner Robert Barnard. "Hotels across the country are operating in an unhelpful trading environment that will not improve any time soon, so it is encouraging to see room yield growth in London and an occupancy rate that remains close to 90%."

Related Companies

Content from our partners
Untapped: How Turks and Caicos is primed for tourism investment
Untapped: How Turks and Caicos is primed for tourism investment
LG smart hospitality solutions in a post-COVID era

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU