Hotels record a mixed performance for November
UK hotels posted mixed results during November, according to preliminary figures from PKF Hotel Consultancy Services.
Rooms yield fell in London by 4.6% to £112.96, compared with £118.46 in November 2011, as the result of a 3.4% drop in room rate to £136.20 combined with a 1.3% reduction in occupancy to 82.9%.
In the regions, rooms yield rose by 0.5% from £41.49 to £41.71 due to a 0.1% improvement in occupancy to 70% and a 0.4% increase in room rate to £59.62.
Robert Barnard, partner for Hotel & Hospitality Consultancy Services at PKF, said: "This is another decent set of results from hotels in the regions. Skilful management and the lack of any meaningful new development are helping to keep rooms yield in positive territory despite the dreary economic outlook.
"Operators in London have had a less than stellar month, but there's no need for panic as occupancy and room rate are still at impressive levels. London's fundamentals remain strong so this is unlikely to be much more than a temporary blip for the capital's hotel market."
UK hotels enjoy a strong October >>
Hotels return to business as usual in September >>
By Janet Harmer
E-mail your comments to Janet Harmer here.
Catererandhotelkeeper.com jobs
Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs
