Nottingham hotel stays on the up, says PwC
Hotel occupancy rates in Nottingham rose to 78 per cent in July 2011. That's according to research from PwC in the Midlands.
A report compiled by the accountancy firm said that occupancy levels rose from 74 per cent in the comparable 2010 period.
The findings are based on data provided by STR Global.
According to the research, Nottingham was one of just six UK town/cities outside London to see growth in occupancy rates and fees in July 2011. The other cities were Brighton, Glasgow, Manchester, Milton Keynes and York.
The average daily rate for hotel rooms in the city also rose slightly from £49 to £50 in July 2011. Revenue per room also rose slightly – to £39 in July 2011 from £36 for the same month in 2010.
Matthew Mullins, partner and hospitality and leisure sector expert at PwC in the East Midlands, said: "It is good to see that occupancy rates and average daily rate and revenue per room rates are on the climb in Nottingham.
"This will be a welcome boost for local hoteliers and leisure sector investors who have experienced difficult trading conditions as a result of the downturn."
