UK hotels enjoy a strong October

22 November 2012 by
UK hotels enjoy a strong October

Hotels across the UK have bucked the downbeat economic mood to post a positive set of results in October, according to preliminary figures released today by PKF Hotel Consultancy Services.

Rooms yield growth in London of 3.8% to £128.24, compared with £123.59 in October 2011, was driven by a 2.3% rise in room rate to £146.07 and a 1.4% increase in occupancy to 87.8%.

Meanwhile, hoteliers in the regions saw rooms yield grow by 2.4% from £44.59 to £45.66, thanks to a 0.3% increase in occupancy to 75.1% and a 2.1% improvement in room rate to £60.84.

"London remains the engine of growth, which is hardly surprising. However, it is encouraging to see that regional operators are also posting solid results.

With six weeks left before the end of year, Singh believes the industry is on track to deliver a modest increase in rooms yield for 2012 as a whole. "This will be a significant achievement during a turbulent 12-month period in which operators have sought to make the most of major events such as the Diamond Jubilee, Olympics and Paralympics whilst battling against a sluggish economy and a lack of consumer and business confidence."

Hotels return to business as usual in September >>

Olympic and Paralympic Games boost August hotel trade in London and the regions >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
Â
TagsTrends and Hotels
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking