London leads hotel boom

London is leading the way as UK hotels remain on target for one of their best years ever, according to September figures from PKF’s monthly hotel tracker research. The capital’s properties have bounced back from the July 2005 bombings with a strong performance for the ninth month in a row. Hotels in the capital have benefited from a 16.5% year on year increase in room yield and an average daily room yield up by 20.9% on 2005 to £108.94. Beyond London, properties saw occupancy increase by 1.9% in September to 80.8% and daily room yield increase 5.4% to £59.19. Compared to figures from September 2005, sharp yield increases were recorded in Leeds (13%), Manchester (12.3%), Edinburgh (7.2%) and Liverpool (5.2%). However yield drops werwe recorded in Cardiff (-7.3%) and Birmingham (-2%). Robert Barnard, PKF’s partner for hotel consultancy, said: “Providing the economy stays reasonably buoyant to the end of the year, and barring any further terrorist scares or attacks, we can be reasonably confident that 2006 overall will go down as one of the best years ever for the hotel sector as a whole and London hotels in particular.”

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