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Scottish catering and hospitality news in Scotland
Catering in Scotland magazine is published bi-monthly with in-depth features, views and news for the Scottish catering, hospitality and tourism industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.
Friday, January 23, 2009
SCOTTISH HOTEL OCCUPANCY AND REVENUE REMAIN STATIC
Revenue and occupancy levels in Scottish hotels remained broadly static in November compared to recent falls, according to the latest monthly survey by accountants and business advisers, PKF. During November, rooms yield in Scotland rose overall by 0.5%compared to an increase of 2.0% in England; and a drop of 5.7% in Wales. Occupancy levels in Scotland fell by 2.9%.Rooms yield in both Aberdeen and Glasgow increased by 9.5% and 9.0% respectively, while Edinburgh's fell by 5.1%. Aberdeen had the highest rooms yield of any city outside London during November.
The budget end of the market continues to have the largest falls in both occupancy and rooms yield of any part of the market. Since the beginning of the year, the budget market (under ?40) had an 8.1% drop in occupancy and a 10.3% fall in rooms yield - which now stands at ?19.05. Among mid-market hotels revenues remain relatively stable although all price bands had a fall in occupancy levels during November.
'While occupancy levels continue to fall, this may be a sign that the rate of decline is slowing for some,' said Alastair Rae, a partner in the Hospitality and Leisure sector at PKF. 'The increase in rooms yield is perhaps also a sign that some Scottish hotels are sustaining revenue, for the moment, during the current economic downturn. However, Edinburgh's hotels appear to be experiencing continued high falls in both occupancy and rooms yield which may be due to sharp reductions in corporate and business expenditure in the city.
'The November figures may be an indication that the rate of decline in occupancy and rooms yield is slowing.'
