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January figures point to growth in 2005

15 March 2005 by
January figures point to growth in 2005

Growth in the UK hotel industry is expected to increase in 2005 following a better than expected January, according to hospitality consultancy TRI's HotStats Review.

UKinbound saw visitor arrivals jump by 6.1% in January compared with the same month last year. Revpar surged forward by 5.5% in the same period.

Hotels in London performed the strongest, with a 7.7% rise in revpar, compared with 4.4% outside the capital.

TRI is predicting revpar to rise by 9% in London this year and 5% outside the capital.

The growth follows bumper rises in 2004, which were largely a result of a surge in overseas visitors. Overall numbers rose 11% to 27.5 million.

The number of visitors from Western Europe rose 10%, taking the total to 17.7 million in 2004, followed by North American visitors, which rose by 9% to 4.35 million.

Spending from overseas visitors was also up 8% to £12.8b for the year.

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