Hoteliers across the UK experienced a difficult first six months of the year with declines in occupancy, room rate and rooms yield, according to preliminary monthly figures released today by PKF Hotel Consultancy Services.
A luxury new London hotel and apartment development designed by Norman Foster has fallen into administration. The complex, situated in the West End on the site of the former Marconi Building, is owned by a subsidiary of Spanish hotel chain Grupo Hotelero Uravasco.
As both passenger numbers and flights fall, what is the effect on airport hotels? Data from STR Global, the leading provider of market information to the world’s hotel industry, shows interesting differences in the performance of the hotel markets at London’s two major airports, Heathrow and Gatwick, during recent months.