UK hotel sector performed well in 2007

Source/Contact: Caterer Search, 11/04/2007

The UK hotel industry had an impressive 2007 and is in a strong position to weather the global economic downturn, according to a new report from consultancy PKF.  Hotel Britain 2008, revealed that the hotel sector achieved consistently high occupancy and average room rate levels in 2007, with London reaching record-breaking levels.  In the capital, occupancy reached close to 83% over the year.  Average room rate increased 8.9% to ₤130.17 and this meant revpar increased 10.3% to ₤107.96.  These figures are the highest the capital has seen since PKF started collecting data in 1974, while occupancy was the highest since 1997.