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Hotels are showing signs of recovery

04 August 2004
Hotels are showing signs of recovery

Latest figures on the UK hotel industry reveal it is well on its way to recovery, but still has some way to go before being given a clean bill of health.

Data from consultant PKF reveals that despite a double-digit increase in revenue per available room (revpar) for London hoteliers in June, the £94.62 figure is still well off the £106.39 achieved in June 2000.

Hotel consultancy services director Robert Barnard said: "The results are very encouraging and reflect the much-improved trading conditions in the UK. We should be mindful however, that London hoteliers are yet to break the £100 rooms-yield barrier, a feat they achieved comfortably in June 2000 and June 2001.

In a separate report, consultant TRI found the growth in hotel sales had slowed slightly during June, but said this was expected as performance in the latter part of 2003 was much stronger than earlier in the year.

Managing director Jonathan Langston said: "Trading clearly remains robust, and full-year figures for 2004 look set to impress."

And according to a third report from consultancy Deloitte, the UK hotel industry was the strongest-performing in Europe in the first half of this year, with revpar up by 10% to £60.

London Figures: June 2004

OccupancyRoom rateRevpar
PKF83.1%£113.93£94.62
TRI82.2% £92.34£75.92

Provinces Figures: June 2004

OccupancyRoom rateRevpar
PKF75.6%£64.45£48.72
TRI75.2%£64.75£48.72
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