Bristol’s hotels achieved double-digit growth in June compared to the same month last year, outpacing the UK average for the industry.
According to figures released by the Bristol office of accountancy and business advisory firm BDO, the room yield – the industry term for revenue – in the city’s hotels climbed by 10.3% during June, compared to an average increase of 2.8% in the UK regions.
Bristol also outperformed hotels in both Bath and Swindon, where revenues fell during June.
Bristol hotel also achieved a big increase in room occupancy – by 6.7% – in June, reaching a rate of 78.0%. Again, this was in contrast to Bath where hoteliers reported a 1.4% reduction in the occupancy rate. Room rates in Bristol rose up 3.4% to a three-month high.
Partner at BDO’s Bristol office Neil Dimes said: “Despite a challenging 12 months, the industry has made good progress in Q2 2013. Month-on-month, hotels in Bristol have seen occupancy and yields improve since the end of Q1.
“June was also the busiest month for Bristol Airport for five years with more than 625,000 passengers, which has evidently had a positive impact on the hotel sector’s performance.”
BDO’s hotel trends surveys analyses data from hotels across the country mainly in the 3 and 4-star categories.
