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London hotels expected to break occupancy records
20 Sep 2010
London hotels are set to break occupancy records over the coming year, according to a new report from PricewaterhouseCoopers (PwC).
The professional services firm forecast growth of 4.1% in 2011, which would take occupancy levels to 85%.
A number of factors are expected to prove beneficial for the London hotel industry, such as improving economic conditions, international demand and growth in the business travel sector.
Robert Milburn, UK hospitality and leisure leader at PwC, said: 'London's hotel scene continues to bask in the glory of its recovery, and (apart from April 2010 which was impacted by an early Easter) has now seen 11 consecutive months of occupancy growth.
'Much will depend on the wider economy, confidence and continued favourable exchange rates, but we expect London to maintain this pace.'
The report also covered the UK's regional areas and highlighted the positive effect of sporting events such as the forthcoming Ryder Cup in Newport, Wales and this year's Edinburgh Festival.
Opodo cheap flights, hotels and car hire - let the journey begin!
The professional services firm forecast growth of 4.1% in 2011, which would take occupancy levels to 85%.
A number of factors are expected to prove beneficial for the London hotel industry, such as improving economic conditions, international demand and growth in the business travel sector.
Robert Milburn, UK hospitality and leisure leader at PwC, said: 'London's hotel scene continues to bask in the glory of its recovery, and (apart from April 2010 which was impacted by an early Easter) has now seen 11 consecutive months of occupancy growth.
'Much will depend on the wider economy, confidence and continued favourable exchange rates, but we expect London to maintain this pace.'
The report also covered the UK's regional areas and highlighted the positive effect of sporting events such as the forthcoming Ryder Cup in Newport, Wales and this year's Edinburgh Festival.
Opodo cheap flights, hotels and car hire - let the journey begin!
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