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Conferences underline Bristol rate increases

Residential conference room rates hit £85 in city ranked fifth for UK association meetings
03/02/2016

Pictured: Bristol is the fifth most popular city for UK associations, according to the 2015 British Meetings & Events Industry Survey

Residential conferences are driving strong hotel performance in Bristol, according to the latest figures from the HotStats UK Chain Hotels Market Review.

Bristol, which was the fifth most popular UK city for British association meetings last year, saw rates shoot up by 10 per cent to an average of £80 in year on year figures. The achieved rate in the corporate segment increased to £78 with a 17.8 per cent increase recorded in the achieved rate in the residential conference segment, to £85.64.

December was only the second month in 2015 that the city recorded a drop in occupancy, which fell by 1.1 points, further to the 1.0 per cent decrease in November.  

Elsewhere, hotel rates in the north east of England have survived declining occupancy rates.

Figures for December 2015 revealed that volume had fallen by 5 per cent year on year, as the region failed to maintain the spike in performance witnessed when Newcastle hosted three matches in the Rugby World Cup. Despite the reduction in occupancy, average room rates have remained robust, recording increases of 3 per cent year on year, and 5 per cent for the calendar year. 

Bristol, which was the fifth most popular UK city for British association meetings last year, saw rates shoot up by 10 per cent to an average of £80 in year on year figures. The achieved rate in the corporate segment increased to £78 with a 17.8 per cent increase recorded in the achieved rate in the residential conference segment, to £85.

December was only the second month in 2015 that the city recorded a drop in occupancy, which fell by 1.1 points, further to the 1.0 per cent decrease in November.  

In Leeds, a five per cent decline in conferencing and banqueting figures have hit hoteliers, which alongside decreases for food and beverage revenues led to an overall 1 per cent fall in total revenue per available room.

Rates remained strong however, with a year to date increase of 6 per cent, to £75.


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