London hoteliers boosted by room price increases

HOTELS in the capital have seen takings go up so far this year thanks to room price increases, a survey has shown.

Rooms were on average £128.31 a night in February, compared with £120.28 in the same month last year.

The data from PKF Hotel Consultancy Services showed that occupancy was down by 4.7 per cent.

In the regions, figures for February show room rates increased 1.8 per cent from £59.81 in 2010 to £60.91 this year.

Robert Barnard, partner for hotel consultancy services at PKF, said: “These are healthy figures for the industry and I expect, particularly for London, that the figures will remain strong over the next few months with the Royal Wedding at the end of April expected to bring in additional visitors to the capital.

“It also benefits from the build up to the Olympic Games and the Champions League Final. The regions however, will more likely have a slower recovery.” In Leeds, room rates declined 0.3 per cent to £62.84 in March, but room occupancy was up 0.8 per cent to 74.6 per cent. This meant rooms yield increased overall by 0.5 per cent to £46.89.