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Rugby World Cup sent corporate hospitality rates soaring in Cardiff

Price of hospitality packages saw hoteliers in Welsh capital boost average corporate rate by 90 per cent

Cardiff's Millennium Stadium hosted five matches during the Rugby World Cup.

Conference business steered well clear of Cardiff during the Rugby World Cup, as room rates hit £116, according to the latest figures from Hotstats.

October’s UK Chain Hotels Market Review noted that there was a decline in year-on-year demand from the corporate sector in the Welsh capital during the month, but hospitality packages helped boost the average corporate achieved rate by 90 per cent. That combined with revenue increases from food (up 14 per cent) and beverage (32 per cent), to boost total revenue per available room by 45 per cent.

Meanwhile, London saw a seven per cent increase in average rate, to £170, while occupancy climbed marginally in the year-on-year figures – but is actually down by a percentage point for the year to date, in comparison to 2014.

And in the South East, occupancy was up two per cent and average rates increased slightly to £84. 

A separate study from hotel solutions provider HRS recorded Cardiff hotel prices as rising 31 per cent in Q3 to £95.

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