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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.
Wednesday, October 07, 2009
Edinburgh Hotels Enjoy Highest Occupancy & Revenue
Edinburgh's hotels had the highest occupancy and rooms yield in the UK during August. Hotels in the capital recorded a 91.7% occupancy rate (up from 89.4%) and a rooms yield of ?107.16. This compares with a London occupancy rate of 81.2% and a rooms yield of ?91.24.Suring the same month, Scottish hotels recorded a meagre 0.1% decrease in occupancy and a higher-than-average 8.4% fall in rooms yield.
Alastair Rae, a partner in the Real Estate and Hospitality sector at PKF, said: 'The number of visitors coming to Scotland remained high during August, with occupancy remaining steady.
'Edinburgh benefited greatly from a successful festival season, which meant that occupancy rates were exceptionally high and rooms yield dropped only slightly. It should be noted that rooms yield in Edinburgh was, and is, at such a high level compared to the rest of the UK that the slight fall in rooms yield is not necessarily indicative of a need to lower prices to attract visitors.'
Mr Rae added that Scotland's hospitality sector has benefited hugely from both UK and overseas visitors, with the latter attracted by the competitive exchange rates in the Euro zone.
