Disappointing 2002 for London hotels

Friday, 21 Mar, 2003 0

Recovery in the London hotel market during 2002 was disappointing, according to a new survey by PKF.

The London Trends 2003 report reveals that the average room rate fell by 5.9% to £102.26. Although occupancy increased slightly – up 2.1% to 74.2% – yield was still down 4% to 75.9%.

PKF hotel consultancy services managing director Melvin Gold said: “The London hotel market took quite a battering during 2001, so even the small rise in occupancy is really just a slight improvement on a very bad year. In fact occupancy levels have only been lower in five years since we began reporting on the market in 1973. We had hoped to see a much better recovery during 2002.”

The PKF survey costs £225. For further details contact [email protected]



 



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...