London hotels achieved high occupancy levels in July, while provincial properties enjoyed their first year-on-year growth in room rate for 2010, according to preliminary figures from business advisors PKF.
The capital's hotels boosted revenue per available room (revpar) by 24.9% in July to £128.35, thanks to a 21.1% hike in average room rate (to £139.49) and a 2.8 percentage point lift in occupancy, to 92%.
Regional room rate rose by 0.3% to £61.70, the first year-on-year advance in 2010. This combined with a 3.5 percentage point increase in occupancy (to 77.5%) to improve revpar by 5%, to £47.81.
"The July figures for hoteliers across the UK are heartening. London continues to post positive results, as demand continues to strengthen compared to 2009," commented Robert Barnard, partner for Hotel Consultancy Services at PKF.
"Meanwhile in the regions, the first year on year increase in room rate is obviously a positive sign. However, the autumn spending review due to be announced on 20 October could mean business travel is again affected. At the same time, I would expect the meetings incentive conference and events industry to start picking up again."
The figures are compiled monthly by PKF.
| JULY 2010 (preliminary figures) |
| JUNE 2010 |
| MAY 2010 |
| APRIL 2010 |
| MARCH 2010 (preliminary figures) |
| FEBRUARY 2010 |
| JANUARY 2010 |
| DECEMBER 2009 |
| NOVEMBER 2009 |
| OCTOBER + NOVEMBER 2009 |
| SEPTEMBER 2009 |
| AUGUST 2009 |