Business at UK hotels remained ‘steady’ during August, new figures have revealed.
According to research from PKF Hotel Consultancy Service, room rate on average increased by 1.9 per cent to £72.84 in the UK, while occupancy levels fell by 2 per cent with consumers reducing their spending due to current economic climate.
In London, hotels gained 4.4 per cent growth in rooms yield compared with the same period last year, largely due to a 5.7 per cent increase in room rate to £133.68.
Robert Barnard, partner for Hotel Consultancy Services at PKF, said that figures represent a "steady" year so far for hoteliers despite the wider economy still feeling the effects the credit crunch.
"It is true that there have been some dips in occupancy over the last eight months, but these have been by no means drastic," he added.
Figures from the Office for National Statistics revealed tourism from the US to the UK this summer was down by 6 per cent on the previous year.
But it stated that the number of visitor arrivals from elsewhere in Europe is up by one per cent on last year, to 24.1 million.
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