Birmingham hoteliers continued to struggle through the late
summer, according to PKF Hotel Consultancy Services.
New figures from PKF show that during August, occupancy, room
rate and rooms yield were all down,
Of the 1,700 available rooms surveyed in the city, occupancy was
down 4.7 per cent to 54.1 per cent compared with August 2008. For
the year to date, the figure was down 8.8 per cent to 63.0 per
cent.
Average achieved room rate was down 21.6 per cent to
£51.24 compared with August 2008. For the year to date, it
was down 10.5 per cent to £65.21.
Rooms yield was down 25.3 per cent compared with August 2008 and
year to date, it was down 18.4 per cent to £41.08.
Room occupancy is the ratio of total occupied rooms to total
available rooms. Average achieved room rate is the rooms revenue
divided by the total number of guest rooms occupied during the
year. Rooms yield is room occupancy multiplied by the average
achieved room rate.
Robert Barnard, partner for Hotel Consultancy Services at PKF,
said: "This year was always going to be a tough one for hoteliers
and therefore these figures are not hugely surprising.
"It is heartening to see that occupancy rates are creeping back
up in many of the cities - Edinburgh in particular had an
astonishing month achieving 91.7 per cent occupancy - and Liverpool
managing a 6.1 per cent increase was particularly impressive given
that the 2008 figures were already boosted as a result of the
city's status as European Capital of Culture. On the flip side,
this explains why Liverpool's room rate is down so
dramatically.
"But, ultimately, if hoteliers can continue to draw in visitors,
they will be in a better position to slowly increase room rate as
soon as the economic situation allows them to."
Ian Taylor, Marketing Birmingham's commercial director, said
that the agency's own research found that there were in good
reasons to be optimistic about the prospects for city's hotel
sector.
He added: "The city's hoteliers are starting to successfully
adapt to market conditions in their pricing, and the indications
that the immediate future for the city's hotels is starting to
improve. We've found that forward bookings in August rose to 13 per
cent, compared with just eight per cent in the same month in 2008.
It shows that far more overnight visitors are now planning to come
to Birmingham."