The UK hotel market maintained strong growth in the last quarter, with revPAR across the country up 6.8 percent on last year.
The HotelBenchMark Survey by Deloitte shows revPAR has continued to rise, but at a slower rate than the first six months of the year, when revPAR increased 8.3 percent.
Scotland recorded the greatest increase in the UK, up 8.9 percent, with Aberdeen recording the greatest increase of all UK cities – up 18.6 percent to £74 per night.
London’s high occupancy rate of 82.7 percent drove a revPAR increase of 10.4 percent.
Deloitte hospitality and managing partner Marvin Rust says the effects of the global financial slow down have not yet been seen in the UK hotel market, as the market is driven by both business and consumer spending.
However, he says hoteliers cannot expect revPAR to continue to increase.
“If the UK and other key economies do slowdown, any reduction in travel as a result of reduced consumer and company spending could be as early as quarter two next year,” Rust says.
By staff writer