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UK hotel prices up 5 per cent on 2016

Average hotel rates hit £122.23 despite election uncertainty and terror attacks, reports HotStats

Pictured: Cardiff benefited from hosting the 2017 European Champions League Final between Juventus and Real Madrid

UK hotel prices went up 5 per cent year-on-year in June, Hotstats has revealed as it says the market was "unabated" by election uncertainty.

In its June 2017 report, the watchdog reports hotel prices reached an average of £122.23, up from £116 last year, while occupancy rose a slight 0.6 per cent to an average of 82.7 per cent.

Pablo Alonso, CEO of HotStats, said: "The UK hotel market would have been forgiven for stumbling a little in the messy aftermath of 8 June. However, the strong economic fundamentals of the UK remain and the hotel sector is buoyant, illustrated by the continued upward trajectory this month." 

Cardiff hotels were among the best performing in the UK in June, largely thanks to its hosting of the 2017 Champions League final, which helped total gross operating profits (GOP PAR) rise 34.6 per cent and saw gains on food (11.3 per cent) and beverage (11.8 per cent).

London hotels saw declines in conference and banqueting (5.8 per cent) and food and beverage (1.9 per cent), but it didn't affect overall profits as GOP PAR went up 6 per cent. The capital benefited from a 30,000-strong attendance at IFSEC International 2017 at ExCeL, which offset any potential impact from terrorist activties earlier in the month.

Alonso added: "UK hoteliers are currently enjoying the benefits of Brexit, which has fuelled a record number of overseas visitors to the UK. The high demand levels have enabled room rates to be leveraged in the individual leisure, group leisure and best available rate segments."

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