UK hotels post mixed results for May
UK hotels produced a mixed set of results during May, according to the latest figures released by PKF Hotel Consultancy Services.
While results in regional hotels were solid, London recorded a more muted performance, which is the opposite of the recent trend.
The capital's hotels saw rooms yield decline by 0.8% to £126.82, compared with £127.78 a year ago. This was the result of a 0.5% fall in room rate from £151.09 to £150.37 accompanied by a 0.4% decrease in occupancy from 84.5% to 84.3%.
Meanwhile, hotels in the regions increased rooms yield by 1.6% to £45.82 in May, compared with £45.09 a year earlier. This was due to a 1.9% increase in room rate from £60.99 to £62.12, which more than offset a 0.3% drop in occupancy from 73.9% to 73.8%.
Robert Barnard, a partner at PKF, said: "This is a solid set of results from hotels in the regions, which continue to deliver year-on-year rooms yield growth despite a challenging set of operating conditions.
"London may have seen a very slight downturn, but occupancy and room rate remain very high, so I don't expect there to be too much concern amongst the capital's hotel operators."
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By Janet Harmer
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