March figures up for UK hoteliers

In spite of the continuing cold weather, UK hoteliers enjoyed an early spring boost with bolstered performance figures for both London and regional hotels in March, according to preliminary figures released today by PKF hotel consultancy services. Average daily rooms yield in London was up 14.4% on March 2005 to £85.58, driven by a 6.9% increase in daily room rate from £100.19 to £107.14 and a 7% increase in occupancy to 79.9%. London hotel occupancy rates are the highest since 2000. While the percentage of visitors from Europe, the USA and Japan fell, there was a 3% increase in the number of domestic hotel guests in the capital, to 36.9% of the total number of visitors, and a 43.4% increase in visitors from other countries to 20.8% of the total. There was also a spring in the step of regional hoteliers as daily rooms yield increased by 8% to £47.24. This was achieved by a combination of an inflation-busting 4.1% increase in room rate and a 3.7% uplift in occupancy to 69.9%. PKF partner for hotel consultancy services Robert Barnard said: “The March figures complete a very good first quarter for UK hoteliers. Domestic visitors are returning to the capital and one in five London hotel guests are now from countries beyond the traditional markets of Europe, the USA and Japan. March has been a difficult month for London over the last few years with the outbreak of the Iraq war in 2003 and March Easters, but this year is the best since the golden year of the Millennium. “Hotel performance in the regions is also looking good, with overall rooms yield for the first quarter up a healthy 5.2% on 2005. The overall picture is one of improvement across the board, which the onset of the tourist season and summer programmes of outdoor events throughout the country will hopefully sustain over the next few months.”

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
London venues hosted 37% more events in 2018

London venues hosted 37% more events in 2018

Year-on-year increase from Unique Venues of London shows strong demand for events in the capital.

Why you should design human-centric experiences

Why you should design human-centric experiences

At EMEC19 in The Hague, Kim Myhre of MCI Experience gave an insightful talk on design-thinking in events.

New event producer for HGA

New event producer for HGA

Becky Jones-Williams has previously worked at Event Concept and will work for clients in a range of sectors.

Stagestruck adds event producer to team

Stagestruck adds event producer to team

Sarah Saward is joining the business as a group account director, with responsibility for a portfolio of blue-chip clients.

Incentive review: Club Med Plantation d'Albion

Incentive review: Club Med Plantation d'Albion

With dinner and champagne on a paradise beach, the white sands and the turquoise coral sea ocean of Mauritius are hard to beat.

Premier Events acquires Collective Minds

Premier Events acquires Collective Minds

Acquisition of Leicester-based events agency is part of growth plan to reach £5m turnover and 50 staff.

3 reasons to run wellness incentives

3 reasons to run wellness incentives

Endellion King, incentives account director at Top Banana, makes the business case for incorporating wellness into incentives.

'Procurement and events teams work best when they swap notes'

'Procurement and events teams work best when they swap notes'

Global procurement director of Knect365 Hetal Dassani talks to C&IT about how planners can build bridges for better buying.

ILEA members reveal 'shock' over Fyre Festival failings

ILEA members reveal 'shock' over Fyre Festival failings

Members of the International Live Events Association (ILEA) give their verdict on the event planning disaster of 2017, the Fyre Festival.

Case study: MAN's Apprentice of the Year Awards

Case study: MAN's Apprentice of the Year Awards

Venues and Events International organised an awards ceremony at Liverpool Football Club.

LATEST JOBS