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Manchester still scoring goals after Rugby World Cup

Hotels report 8 per cent increase in average room rates in September 2016, one year on from major sporting event
09/11/2016

Pictured: Manchester hotels have seen occupancy stay at 86 per cent, one year on from the Rugby World Cup

Hotel prices in Manchester have climbed 8 per cent, reaching £100 in September, as occupancy remains high one year on from the Rugby World Cup.


Hotstats reveals year-on-year hotel prices grew from £93 in September 2015 with occupancy still firm at 86 per cent, as hotels showed no obvious signs of casualty after hosting the global sporting event.


In its UK Chain Hotels market review, authors reported: "Hotels in Manchester recorded a post-recession RevPAR high of £86.93 this month, contributing to a 6 per cent year-to-date increase for 2016.


"In particular, the strength of demand in the commercial sector in the city enabled Manchester hoteliers to drive the rate achieved in both the corporate (+8.1 per cent) and residential conference (+13.3 per cent) segments."


Meanwhile, fellow Rugby World Cup host city Leeds saw its hotels suffer a -5 per cent decline in overall profits for the month of September, as occupancy fell 1.5 per cent to an average 85 per cent, and average room rates (ARR) levelled at £80.


Leeds hotels were helped by a boost in conference and banqueting (+12 per cent) and food and beverage (+5 per cent).


Report authors added: "It was always going to be challenging to match the performance of September 2015, when hotels in Leeds achieved record RevPAR (Revenue per Available Room) levels as the city hosted two games in the Rugby World Cup, as well as being the base of a number of teams."


South East hotels saw ARR rise 2 per cent, reaching £94, while occupancy declined slightly to 83 per cent.


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