Pace of hotels growth has quickened, say consultants

31 August 2004
Pace of hotels growth has quickened, say consultants

The pace of growth in the UK hotel industry picked up again during July after a slight slowdown in June, according to figures from TRI Hospitality Consulting.

Revenue per available room during July rose by 10.2% on average across the country to reach £57.09.

This compares with an 8.1% increase during June, 12.8% in May and 12.3% during April.

The July increase was driven by a 7.5% hike in average achieved room rates to £71.88, and a 1.9 percentage point upswing in occupancy to 79.4%.

In London, occupancy during July rose by 2.2 percentage points to 86.6% while room rate increased by 13.5% to £91.04, leaving revpar up by 16.5% at £78.83.

Outside the capital, occupancy was up by 1.9 percentage points to 76.8%, room rate up by 4.5% at £64.09 and revpar up by 7.1% at £49.24.

TRI managing director Jonathan Langston said: "The industry is confounding fears that the performance improvement would slow dramatically as the year wore on.

"The better performance in the second half of last year was expected to make growth more difficult in the second half of this year but the recovery is proving particularly robust."

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