Hotel occupancy down in London and Newcastle, says HVS

Hotel occupancy in London, Newcastle and Aberdeen was down in the second quarter of 2016, while a boost in international visitors resulted in growth in occupancy in Bath and Birmingham.

Hotel occupancy declines in London
Hotel occupancy declines in London

According to the latest HVS Hotel bulletin, the impact has been a 2% decline in London’s occupancy compared with Q2 2015, with a slight fall in average room rates. Newcastle recorded another quarter of decline, down 4%, as the combined effects of a 10% increase in hotel supply over the past 12 months and strong comparators last year affected business. Aberdeen saw a 24% decline year-on-year, as hotel occupancy continues to suffer from the city’s exposure to the oil and gas industry.

However, performance in Birmingham improved, with growth of 16%, while hotels in Bath saw occupancy rates up 11% year-on-year, due to a boost in international tourism.

"Whilst this is significant in the short term, London is, and will remain, a huge magnet for inbound tourism. The longer term future of the capital’s hotel sector is still positive, even when taking into account the new hotels in the pipeline and the potential impact of the Brexit vote," said HVS chairman Russell Kett. "Performance has always been very location-driven, with localised supply and demand issues having an impact on hotels’ operating performance."

More:

BVEP to consult events industry on Brexit 

London: The Olympics legacy

Barbican invests £2.2m in facilities  

• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
ICCA reveals new destination rankings by meeting attendees

ICCA reveals new destination rankings by meeting attendees

Country and city rankings by estimated total number of participants published in ICCA's latest statistics report.

New regional vice president for ILEA

New regional vice president for ILEA

International Live Events Association appoints new RVP for EMEA who will work with regional chapters.

'Your phone and computer have off buttons and you do deserve a break sometimes'

'Your phone and computer have off buttons and you do deserve a break sometimes'

A-List 2019: Francesca Secola, event manager, Pure Events

'Real step change' in how destinations attract business

'Real step change' in how destinations attract business

VisitBritain's Kerrin Macphie discusses international strategy and 'mapping out' the UK's business events capacity.

Telford to welcome eye specialists in 2020

Telford to welcome eye specialists in 2020

College of Optometrists' annual congress Optometry Tomorrow will be held at Telford International Centre in 2020.

'It's important to demonstrate that you can work out of your comfort zone'

'It's important to demonstrate that you can work out of your comfort zone'

A-List 2019: Georgia O'Rourke, event manager MCI Experience.

Paris to host 2021 European Society for Medical Oncology congress

Paris to host 2021 European Society for Medical Oncology congress

Doctors and cancer research professionals will gather at the Paris Convention Centre in September 2021.

The 5 most common event planning mistakes

The 5 most common event planning mistakes

From budget woes to lack of cultural sensitivity, don't let any of these problems ruin your day, says event director Mauri Gómez.

License to chill: Follow in Bond's footsteps

License to chill: Follow in Bond's footsteps

With new details about the latest filming locations in Jamaica released, we look at some of 007's previous business trips.

There is an industry expectation for people to 'work for free' to get experience

There is an industry expectation for people to 'work for free' to get experience

A-List 2019: AOK Events' senior account manager Louise O'Keeffe.

LATEST JOBS