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Bristol hotels witness 18 per cent rise in conferences

City's financial and aerospace sectors attributed to strong 2015 results

Pictured: Bristol hotels have finished a strong 2015

Conferences at Bristol hotels increased by 18 per cent in 2015 thanks to the city's strong financial and aerospace industries, while Leeds venues capped off the year with a 5 per cent decline.

Data in the latest UK Chain Hotels Market Review, compiled by Hotstats, reveals Bristol remains a 'key regional market' alongside hotels in the North East, which also finished the year positively.

Bristol's solid year was also helped by demand displaced from Cardiff during the Rugby World Cup. December was just the second month in 2015 where occupancy fell, dropping 1.1 per cent.

"Bristol remains a key regional hotel market in the UK, driven by the financial sector, the city’s role in the domestic and international aerospace industry and its growing leisure profile," the report authors said.

"The ongoing growth in the commercial segment has been key to the top line growth recorded at hotels in Bristol, with the achieved rate in the corporate segment increasing by 7.2 per cent in 2015, to £78.52, with a 17.8 per cent increase recorded in the achieved rate in the residential conference segment, to £85.64."

In Leeds, a 1.1 per cent decline in TrevPAR in December was attributed to declines across food (-4.5 per cent), beverage (-1.7 per cent) and conference and banqueting (-5 per cent) sales. Average room rates increased 3 per cent to £80 for the same month.

North East hotels also benefited from the Rugby World Cup, particularly Newcastle's three fixtures in St james Park, helping profits increase by 6.7 per cent in 2015.

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