While the average rate realised per room in the UK's capital has barely moved, continuing to stand at just under the pounds 100 ($161.70) mark, occupancy rates are up by over 5%. The news is also good for yields per room in London, up 5.3% at pounds 82.29 ($133.06).
But these results are not reflective of the overall picture for the rest of the UK hotel business. While the October survey shows a modest uplift to average room rates in the provinces, an increase of 1.6% at pounds 63.71 ($103.02), average occupancy and yield per room at 0.3% and 1.9% respectively, appear almost static.
The survey was based upon data gathered from 194 London hotels and 694 provincial UK hotels.
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