LONDON-The London hotel industry suffered a plunge in occupancy levels and room rates in September. According to the first performance figures for the UK hotel industry since the 11 September terrorist attacks, released by PKF’s hotel consultancy services, occupancy levels were down 17.2% on 2000, room rates were down 6.6% there was a drop in rooms yield of 22.7%.

The performance of regional hotels was a little more encouraging with only a 1.7% drop in occupancy and a 1.5% increase in room rate year-on-year.

Although room occupancy levels in London have been falling since the beginning of 2001, largely as a result of the downturn in the US economy, the further plunge in occupancy levels experienced since 11 September is directly attributable to the fall off in US visitors in the aftermath of the atrocities. The number of hotel rooms occupied by American visitors during the whole month dropped by 45.5% although the percentage fall after 11 September is likely to be much higher.

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