UK hotel sector is ‘holding up well', according to PKF figures

28 November 2011 by
UK hotel sector is ‘holding up well', according to PKF figures

Hotels in the UK maintained steady trading in October, according to early figures released today by PKF Hotel Consultancy Services.

London fared marginally better than the regions, with rooms yield up 1.4% from £111.14 in October 2010 to £112.7, driven by a 3.6% increase in room rate from £124.97 to £129.43.

However, performance was affected by a 2.1% fall in occupancy for the third consecutive month.

Hotels in the regions saw rooms yield fall by 0.9%, from £43.37 to £42.99, as a 2.8% decline in room rate from £59.39 to £57.75 more than offset a 1.9% rise in occupancy from 73.0% to 74.4%.

Commenting on the figures, Robert Barnard, partner for Hotel Consultancy Services at PKF, said they demonstrated that the hotel sector was not immune to the challenges facing the economy as a whole, but was holding up well.

"Hotels across the country are operating in an unhelpful trading environment that will not improve any time soon, so it is encouraging to see rooms yield growth in London and an occupancy rate that remains close to 90%.

"Regional hotels usually rely on the meetings, incentives, conferences and exhibitions (MICE) market in the autumn, so this year's figures suggest that the corporate market remains stubbornly subdued.

"This is not the first time that the sector has faced unfavourable economic headwinds. Hoteliers know that they have a fight on their hands and the results we have seen so far suggest they have the right strategies in place to win the battle."

London drives UK hotel recovery, says PKF report >>

Autumn and winter will be crucial for hotels after slow August >>

Von Essen woes highlight struggle of regional hotels >>

By Janie Stamford

E-mail your comments to Janie Stamford here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on ]( Catch up with more news and gossip on all Caterer's blogs
[E-newsletters]([ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking