UK hotel industry still recovering

26 July 2004 by
UK hotel industry still recovering

The UK's hotels put in another robust performance during June, but in London they still haven't recovered to pre-11 September 2001 levels.

London hotels saw occupancy up by 5.4% to 83.1% during the month, while average room rate rose by 8.5% to £113.93, according to consultancy PKF.

Revenue per available room (revpar) increased by 14.4% to £94.62.

Outside London, hoteliers saw occupancy up by 3.5% to 75.6% and room rate increase by 3.6% to £64.45.

As a result, revpar rose by 7.2% to £48.72.

Robert Barnard, hotel consultancy services director at PKF, said: "The results for the London and regional hotels are very encouraging and reflect the much-improved trading conditions in the UK."

But he pointed out that London hoteliers are yet to break the £100 revpar barrier, "a feat they achieved comfortably in June 2000 and June 2001."

In June 2000 revpar reached £106.39, while in 2001 it was £100.22.

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