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08 April 2004

Hotel figures show signs of recovery

The hotel industry performed well during February, with the London area especially achieving solid growth in occupancy.

Figures released on 29 March by business advisor, PKF, reveal that London hotels saw occupancy rise 5.6 per cent to 73.3 per cent, whilst average room rate was up 2.6 per cent to £97.48.

The yield for rooms increased by 8.3 per cent to £71.45.

However, growth was slower outside the capital, as hoteliers in the provinces managed a slight increase of one per cent in their occupancy.

Rooms yield outside the capital rose by 3.1 per cent to £42.30.

Robert Barnard, hotels director at PKF, said: “The positive figures across the board are certainly encouraging – particularly in the light of issues such as the US flight cancellations earlier in the year.”

“London’s performance is particularly strong and this is good news,” he said.

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