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Record occupancy at London hotels
By Tom Walker
A monthly report charting the UK hotels sector suggests that hoteliers in London experienced record levels of occupancy in July 2011.
TRI Hospitality Consulting's latest HotStats survey of 550 full-service hotels across the UK shows that average room occupancy levels reached 92.4 per cent - a 0.6 per cent increase in the previous high of July 2011.
Room rates also soared, with average room rate in London now at £148.65 - pushed up significantly by the recent high-profile openings of luxury hotels such as Corinthia, W Hotel and Four Seasons Park Lane.
Hotels outside London, however, are still under pressure as year-on-year profitability levels declined by 3.7 per cent. This was caused by declines mainly in leisure revenue (-3.4 per cent) and food and beverage revenue (-2.1 per cent).
A monthly report charting the UK hotels sector suggests that hoteliers in London experienced record levels of occupancy in July 2011.
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