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UK hotel rates increase by 1 per cent in December

Latest HotStats report reveals price hikes as occupancy dips 0.8 per cent to 70.3 per cent
26/01/2018

Pictured: Bristol bucked the national trend with a 5 per cent rise in occupancy and 0.1 per cent fall in rates

Room rates at UK hotels rose by 1 per cent in December, according to the latest HotStats report.

Average room rate increased to £116.43 during the final month of 2017, which was coupled with a 0.8 per cent decline in room occupancy to 70.3 per cent.

Pablo Alonso, CEO of HotStats, said: “December is always a tough month of trading with the interruption of the Christmas break and whilst the performance at hotels in the UK this month will be somewhat of an anti-climax, owners and operators in the UK will be pleased that losses have been minimised and it has been a pretty positive year overall.”

Bucking the nationwide trend, hotels in Bristol saw a 5 per cent increase in room occupancy to 64.8 per cent, with a 0.1 per cent fall in average room rate to £85.97.

London was more indicative of the national picture, recording a 1.3 per cent drop in occupancy to 77.9 per cent, which came alongside a 0.4 per cent increase in average room rate to £164.94.

Alonso said: “The London hotel market is heavily reliant on the commercial sector, which fell away, as always, towards the end of December as the Christmas holidays kicked in.

Furthermore, the room occupancy performance in the capital has been tested in 2017 by the addition of almost 5,800 bedrooms. This is an issue which is unlikely to go away anytime soon, with a further 10,000 rooms entering the market in 2018.”


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