SCOTTISH HOTEL SECTOR PERFORMANCE BEST IN UK
Scotland's hotel sector continued to outperform the rest of the UK in terms of occupancy and rooms yield, according to the latest monthly survey by PKF accountants.
Scotland had an increase of 9.6% in rooms yield in June, compared to a UK average of 6.3%, and experienced an increase of 3.6% in occupancy compared to an increase of 1.8% for the whole of the UK.
Glasgow continued to lead the way with 23.8% increase in rooms yield and a 9.3% increase in occupancy compared to the same period last year. Aberdeen saw a 10.6% rise in rooms yield against a 0.9% fall in occupancy levels, while Edinburgh saw rooms yield increase by 5.8% and occupancy rise by 1.3%. Edinburgh achieved the highest rooms yield figure, £85.86, outside London and an occupancy level of 89.2% which is the second highest in the UK after Gatwick.
The year to date figures show the increase in Scotland's rooms yield running at almost twice that of the rest of the UK at 8.4% compared to 4.4%, whilst occupancy shows an increase of 2.6% compared to 0.9% for the rest of the UK.
'The sector is managing to successfully improve rooms yield even when occupancy levels seem to have stalled somewhat, albeit at a very high level,' says Alastair Rae, partner for hotel consultancy services at PKF. 'Even the weather, which few would say has been welcoming this year, has not dampened the success of the sector and so it appears that the overall summer figures for Scotland will be worth celebrating. The June figures indicate that the Scottish hotel sector seems to be unaffected by interest rate rises, the strength of the pound or concerns over terrorism.'
Scotland had an increase of 9.6% in rooms yield in June, compared to a UK average of 6.3%, and experienced an increase of 3.6% in occupancy compared to an increase of 1.8% for the whole of the UK.
Glasgow continued to lead the way with 23.8% increase in rooms yield and a 9.3% increase in occupancy compared to the same period last year. Aberdeen saw a 10.6% rise in rooms yield against a 0.9% fall in occupancy levels, while Edinburgh saw rooms yield increase by 5.8% and occupancy rise by 1.3%. Edinburgh achieved the highest rooms yield figure, £85.86, outside London and an occupancy level of 89.2% which is the second highest in the UK after Gatwick.
The year to date figures show the increase in Scotland's rooms yield running at almost twice that of the rest of the UK at 8.4% compared to 4.4%, whilst occupancy shows an increase of 2.6% compared to 0.9% for the rest of the UK.
'The sector is managing to successfully improve rooms yield even when occupancy levels seem to have stalled somewhat, albeit at a very high level,' says Alastair Rae, partner for hotel consultancy services at PKF. 'Even the weather, which few would say has been welcoming this year, has not dampened the success of the sector and so it appears that the overall summer figures for Scotland will be worth celebrating. The June figures indicate that the Scottish hotel sector seems to be unaffected by interest rate rises, the strength of the pound or concerns over terrorism.'
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