UK hotels show best May figures since the Millennium

In spite of the wettest May since 1979, hotel performance figures throughout the UK were a soaraway success, according to the latest figures from PKF hotel consultancy services. Across all three main performance indicators – rate, occupancy and yield – hotels in the capital and the regions had their best May since the Millennium. In London, average rooms yield reached £92.98, a 15.2% increase on the 2005 figure of £80.70. This was fuelled by a 7.1% increase in room rate to £112.98 and a room occupancy uplift of 7.5% to 82.3%. The London guest nationality mix showed a 21.4% increase in the number of visitors from outside the traditional domestic, European, USA and Japanese markets. ‘Other country’ visitors now account for 19.3% of the total – up from 15.9% in 2005. After a disappointing April that was largely due to the late Easter, regional hotel performance figures bloomed. Room rates rose 1.7% to £70.10 and occupancy improved by 4.2% to 74.9%, generating a 6% uplift in rooms yield to £52.48. Several regional and international events hosted around the country buoyed the overall performance. PKF partner for hotel consultancy services Robert Barnard said: “Our April prediction that the strong growth trends of the first quarter would resume in May was totally vindicated by the best set of figures that we have seen since hotels’ golden year of the Millennium. “May 2006 may have been the fifth wettest since 1914, but major events around the country, such as the Chelsea Flower Show, the FA Cup Final in Cardiff and the Sri Lankan Test Series, were sold out as visitors refused to be daunted by the weather. “The May performance also demonstrates the robustness of the UK hotel market. We are fortunate to have such a vibrant capital, both in terms of business and leisure tourism. Momentum is now building towards the 2012 Olympic Games. As the international spotlight will increasingly focus on London in the run-up to the Games, it will undoubtedly have a beneficial impact on London’s hotel market.”

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Coronavirus: Your furlough questions answered

Coronavirus: Your furlough questions answered

Experts answer key FAQs about the tricky decisions businesses need to make around furloughs and offer guidance on the job retention scheme.

Global venues being transformed into field hospitals

Global venues being transformed into field hospitals

Which international convention centres are becoming temporary hospitals to manage spikes in coronavirus cases?

5 ways events will change after coronavirus

5 ways events will change after coronavirus

WRG’s Ben Atherton predicts how the industry might adjust when normality returns to live events.

Majority of event professionals fear job cuts

Majority of event professionals fear job cuts

Part four of C&IT’s global Impact of Coronavirus Report, we find out which regions are most concerned about job security.

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 spread of coronavirus.

In pictures: Events industry joins nationwide NHS tribute

In pictures: Events industry joins nationwide NHS tribute

As the UK came together to thank frontline healthcare workers, venues did their bit to mark the occasion.

Fears freelancers will be forced into debt despite UK chancellor’s intervention

Fears freelancers will be forced into debt despite UK chancellor’s intervention

Relief for freelancers welcomed by HBAA chair amid concerns many will have to take out loans before a payout in June.

How many MICE businesses have a complete travel ban in place?

How many MICE businesses have a complete travel ban in place?

Nearly 2,000 MICE professionals reveal whether their company has banned business travel in part three of C&IT's Impact of Coronavirus Report.

Events industry applauds ExCeL's hospital transformation

Events industry applauds ExCeL's hospital transformation

The conference venue is expected to be ready for action as a huge coronavirus hospital by next week.

‘Kill the agenda, it gets in the way of creativity’

‘Kill the agenda, it gets in the way of creativity’

A detailed event schedule doesn’t leave much room for flexibility or self-expression, says INVNT’s Adam Harriden.