London hotel figures buoyant again

The London hotel industry made a marked recovery during September, following the severe downturn in business in the aftermath of the July terrorist attacks, according to figures released today by PKF hotel consultancy services. PKF’s report for September shows that year on year occupancy in London was down a modest 3.7% to 79.6%, but average room rate was up 4.2% to £110.99, helping to keep rooms yield steady at £88.39, a 0.3% rise on the same month last year. Outside London, occupancy was up 1.7% to 79.6% and average room rate rose 2% to £69.62. Rooms yield increased by 3.7% to £55.43, showing a healthy regional performance overall during September. Robert Barnard, partner for hotel consultancy services at PKF, said: "The summer ended badly for London’s hoteliers with double digit drops in occupancy and rooms yield, but the autumn has kicked off with a much better story. London has once again proved its resilience and hotels in the capital have done the right thing by balancing room rates against occupancy to keep rooms yield steady. This provides a good base for moving forward profitably in the last months of the year. "Regionally, the hotel market showed a healthy picture with positive, if modest, improvements in performance across the board. This bodes well for the run up to the Christmas period and proves that the problems that faced London were geographically contained."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How Worldspan is keeping its team connected during a crisis

How Worldspan is keeping its team connected during a crisis

'It's critical to have regular, honest communication with the whole team,' says event agency's MD Sophie Morris.

Our view: I watched a car-crash webinar

Our view: I watched a car-crash webinar

C&IT’s senior reporter Ellie Kahn prays that online events quickly improve during the lockdown.

LIVE UPDATES: Which international events are being cancelled

LIVE UPDATES: Which international events are being cancelled

All the latest postponements and cancellations as the world deals with the coronavirus pandemic.

'Indefinite' travel ban leaves planners with more questions

'Indefinite' travel ban leaves planners with more questions

As the Foreign & Commonwealth Office updates its advice against all non-essential travel, can planners make any forward bookings at all?

Insurance company rejects agency’s coronavirus claim

Insurance company rejects agency’s coronavirus claim

Creative communications agency had taken out specific coverage for ‘human contagion disease’ in the lead up to the coronavirus pandemic.

Case study: Genesis launches luxury electric car Mint Concept

Case study: Genesis launches luxury electric car Mint Concept

INVNT's car launch event included a runway show, live music and dancing at a brand new venue in New York.

9 ways to improve your virtual meetings

9 ways to improve your virtual meetings

Dan Walker from Ashfield Meetings & Events has compiled a checklist to ensure your video calls run smoothly.

Deadline extended for the C&IT Awards Americas

Deadline extended for the C&IT Awards Americas

As C&IT expands its reach globally, we've launched the C&IT Awards Americas to recognise the best in US events.

Unicorn Events closes due to COVID-19 challenges

Unicorn Events closes due to COVID-19 challenges

Agency MD Hannah Luffman says the business will close while it is still possible to pay staff in full.

How the UK government is supporting the hospitality and events sector

How the UK government is supporting the hospitality and events sector

Suggestions of an extended lockdown period are adding pressure to the events sector, says University of Derby's Brendan Moffett.