Hotels in Manchester outperformed their counterparts across the rest of the UK in March with regards profit per roo, according to the HotStats UK Chain Hotels Market Review.
The 3.3% increase in profit per room during March contributed to a 2.4% increases for the first quarter of the year, up to £35.78 from £34.94 during the same period in 2015.
This was in contrast to hotels across the rest of the country, which suffered a 4.6% decline in profit in March, contributing to a 2.6% year-on-year drop in profit per room for the first quarter of 2016.
While room occupancy declined across the whole country, including Manchester, a 7.4% increase in average room rate in the city far exceeded the 1.6% increase across the rest of the UK which fuelled an overall increase in revenue per available room of 3.5%.
The HotStats report, which collates data from hotel chains operating in the full-service sector, said: "Hotel performance in Manchester has gone from strength to strength in recent years. Despite additions to stock in 2015 including the 208-bedroom INNSIDE by Melia and 330-bedroom Motel One Piccadilly profit per room has increased by 9.3% over the last year, to £43.51 in the 12 months to March 2016, from £39.82 in the 12 months to March 2015."
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