It was good news for UK hotels last month as occupancy and room yields grew steadily in London and across the country, according to hotel consultancy firm PKF.
Figures released today revealed that average room rates in the capital rose to £112.35 in November, a 2.9% increase on the same month last year. Occupancy increased by 1.4 percentage points to 81.6%.
The growth pushed overall room yields up by 4.7% to £91.72.
Outside the capital, average room rates for November grew by 2.6% to £67.79, while occupancy rose by 1.7 percentage points to 74.4%. Regional room yield was up by 4.8% to £50.43.
Robert Barnard, partner for hotel consultancy services at PKF, said: "It's good news to see that the UK industry as a whole is on track with a healthy performance across the board."
by Naomi Leach
PKF November snapshot of regional UK Hotels
|Average daily room rate||£67.79||£66.08||2.6%|
|Average daily room occupancy||74.4%||72.7%||2.2%|
|Average daily rooms yield||£50.43||£48.10||4.8%|
PKF November snapshot of London Hotels
|Average daily room rate||£112.35||£109.17||2.9%|
|Average daily room occupancy||81.6%||80.2%||1.7%|
|Average daily rooms yield||£91.72||£87.60||4.7%|
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