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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, November 06, 2009
Scottish Hotels Enjoy Highest Occupancy and Revenue Rates
Scotland's hotels had the highest occupancy and rooms yield in the UK outside London during September, despite pressure on rooms yield. According to the latest survey by accountants and business advisers PKF, Scottish hotels recorded a 79.8% occupancy rate in September, while Edinburgh's hotels recorded 87.6% occupancy.Alastair Rae, a partner in the Real Estate and Hospitality sector at PKF, said: 'Scotland's hotel sector appears to be holding up well, despite continuing falls in both occupancy and rooms yield.
'The rest of the UK is experiencing lower occupancy numbers and considerably lower rooms yield, with the Scottish rate more than ?10 per room higher than the regional UK average, and almost ?17 higher than the rate in Wales.'
'In Edinburgh, despite a drop in occupancy and rooms yield, the city still has the highest figures for both, outside London. The sector in the capital is doing well to still have almost 90% occupancy in September and a rooms yield of nearly ?80, when other British tourist destinations such as York are down to as low as ?55.'
Unfortunately, however, Glasgow's rooms yield fell by 7.8% but Mr Rae said that this was set against a reasonably high occupancy at 80.7%:
'For the year to date, Glasgow's rooms yield has fallen further than the Scottish average fall of 5.9%. This is likely to be caused by falling corporate and conference custom due to a cutback in business expenditure which will take some time to recover.'
