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PKF Hotel Britain 2007 – Industry data

06 June 2008 by
PKF Hotel Britain 2007 – Industry data

Hotels in Britain enjoyed their best performance of the decade in 2006 to surpass even the highs of the late 1990s, according to consultants PKF.

Revenue per available room (revpar) grew by 10.1% to £65.93 thanks to a greater flow of both tourists and money into the UK.

The strongest growth was seen in London, where revpar soared by 16.6% to £97.12 and demand for rooms was especially high in the upscale sector.

The robust performance followed weak occupancy figures in 2005 in the wake of the July bombings of the London transport system, combined with the arrival of more business and leisure tourists in 2006 from the Middle East as well as the traditional North American and West European markets.

Refurbishments and the growth in competition from new hotels contributed to more subdued growth in the regions, where revpar increased by 6.6% to £50.44.

While PKF predicts more growth in revpar during 2007, it warns this will not match 2006 levels as the opening of new hotels will dampen occupancy growth to leave average room rate as the key driver.

The Hotel Britain report is compiled annually by consultants PKF. The full report is available for £300 by e-mailing Danielle Simmonds or by visiting the PKF website.

View the Hotel Britain 2006 figures here >>

Occupancy 2006 2005 Point change
UK 75.7% 73.5% +2.2 points
Regional UK 72.5% 71.4% +1.1 points
London 82.3% 76.9% +5.4 points
England 72.1% 71.6% +0.5 points
Scotland 73.7% 72.1% +1.6 points
Wales 75.5% 74.4% +1.1 points
**Average room rate** 2006 2005 % change
UK £87.07 £81.46 +6.9%
Regional UK £69.61 £66.26 +5.1%
London £118.03 £108.22 +9.1%
England £68.94 £66.65 +3.4%
Scotland £73.38 £69.13 +6.1%
Wales £64.41 £64.71 -0.5%
Revpar 2006 2005 % change
UK £65.93 £59.86 +10.1%
Regional UK £50.44 £47.33 +6.6%
London £97.12 £83.26 +16.6%
England £49.72 £47.72 +4.2%
Scotland £54.05 £49.84 +8.5%
Wales £48.61 £48.12 +1%
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