London hotels are likely to see increases in revPAR over the next two years, accommodation expert Liz Hall said.
Hall, head of research at PwC for hotels, meetings and serviced apartments predicted revPAR (revenue per available room) in the UK capital would rise by 8.3% this year and 9.7% in 2012.
This follows an 11.4% rise last year which signalled a recovery in the hotel industry after the disastrous recession-hit year of 2009.
Hall, speaking at the ITM annual conference at Heythrop Park, Oxfordshire, said she expected a rise in average daily rates (ADR) in London properties this year of 6.1% and of 7.9% in 2012 while occupancy in these two years was likely to increase by 2% and 1% respectively.
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Hall, head of research at PwC for hotels, meetings and serviced apartments predicted revPAR (revenue per available room) in the UK capital would rise by 8.3% this year and 9.7% in 2012.
This follows an 11.4% rise last year which signalled a recovery in the hotel industry after the disastrous recession-hit year of 2009.
Hall, speaking at the ITM annual conference at Heythrop Park, Oxfordshire, said she expected a rise in average daily rates (ADR) in London properties this year of 6.1% and of 7.9% in 2012 while occupancy in these two years was likely to increase by 2% and 1% respectively.
Source