Hotel Performance Remains Strong in May
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Hotel performance remains strong in the regions, with London lagging slightly behind with a decline in room yield.
Data for hotel performance in May has now been revealed by PKF Hotel Consultancy Services. Whilst the headline figures of a decrease in the capital, the overall picture remains strong when set against the current economic climate.
“London may have seen a very slight downturn, but occupancy and room rate remain very high,” explained PFK partner, Robert Barnard. “Therefore, I don’t expect there to be too much concern amongst the capital’s hotel operators.”
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%.
Growth in the Regions
Hotels in the regions increased rooms yield by 1.6% to £45.82 in May 2012 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%.
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.
