UK hotels posted a mixed performance in November, according to preliminary hotel figures released by PKF Hotel Consultancy Services.
Hotels in London saw rooms yield fall by 4.6% to £112.96, compared with £118.46 in November 2011. This was 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 on the back of a 0.1% improvement in occupancy to 70.0% and a 0.4% increase in room rate to £59.62.
Robert Barnard, partner for Hotel & Hospitality Consultancy Services at PKF, commented:
“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.”
