www.pkf.co.uk

Although PKF says that London hotel occupancy is on the rise, they note that the region is still struggling. The occupancy levels in London hotels has increased by 1.3 percent. This is when compared with the same month last year, according to PKF.

Although the occupancy rate now stands at 82.1 percent, PKF says that the room rates have dropped by 7.3 percent to just £116.49. So although they are selling rooms, because the room rates are down, this has all led to a fall in room yield of about 6.4 percent. This means it dropped from £101.77 last May to £95.59 this year.

Although London hotels are starting to show some improvement, the report does note that other UK regional hotels are still struggling. Many other UK hotel occupancies fell by 5.6 percent to just 70.1 percent.

PKF noted that the Welsh capital, Cardiff, is among the worst hit so far. They have seen a drop in room rates of 25.1 percent. This is a drop from £62.62 last year to £50.02 this year. However, Manchester has also seen a big drop as well. Manchester hotels have seen room yield fall by 15.2 percent.

A partner at PKF, Rober Barnard, said that the story continues in May, which was seen in April. People are still staying in London, and this is pushing up its occupancy figures. However, due to the economic climate, hoteliers are having to really reduce their rates to get people to come. He did note that some places like Edinburgh have proven to be an exception to these rules.

For more information visit: www.pkf.co.uk