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London hotels bounce back to smash records

Following a dip in August, London hotels bounced back in September, according to the latest HotStats survey.

There was a 10.4 per cent increase in profit per room as the capital continued to smash records, the TRI Hospitality Consulting survey of approximately 550 full-service hotels across the UK showed.

The increase in September contributed to year to-date profit growth of 8.4 per cent to £69.15 from £63.79 during the same period in 2010. For the month, at £85.64, profit per room at London hotels was approximately 24 per cent above the year-to-date average and approximately14 per cent above the pre-recession high of £74.84, achieved in September 2007.

“The increase in headline performance levels this month is further evidence, if it was needed, that hoteliers in the capital have put the memory of the crash in the hotel market in September 2008 firmly behind them,” said Jonathan Langston, managing director of TRI Hospitality Consulting.