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PKF: UK hotels affected by economic concerns

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New preliminary figures published by PKF Hotel Consultancy Services have found that the UK sector slowed during November as economic concerns affected performance.

In London, a 2 per cent increase in room rate on the same period last year was cancelled out by a decline in occupancy from 86 per cent to 84.4 per cent, with rooms yield broadly flat.

Meanwhile, a 0.9 per cent growth in occupancy for regional hotels was negated by a 3.1 per drop in room rate, which led to a 2.2 per cent decrease in rooms yield for the period.

Robert Barnard, partner at PKF Hotel Consultancy Services, said: "The sector is facing a challenging operating environment that is unlikely to improve significantly any time in the near future.

"However, hotel managers appear to have learnt the lessons from 2008-09 and are much better equipped to respond effectively this time around."

Details: www.pkf.co.uk

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New preliminary figures published by PKF Hotel Consultancy Services have found that the UK sector slowed during November as economic concerns affected performance.
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