Edinburgh hotels boast best occupancy rates in UK

Hotel News - 08/10/2009

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Hotels in Edinburgh enjoyed a 90% occupancy rate in August, comfortably beating hospitality rivals across the United Kingdom. August, which is a traditionally good month for Edinburgh, saw thousands of foreign visitors descend on the Scottish capital, and hotel room occupancy was further boosted by staycationers from the rest of Britain.

Edinburgh may have even outperformed itself in terms of occupancy, hitting a high of 91.7% in August this year. August 2008 had a highest occupancy rate of 89.4%. Room yields were down slightly from last year though, with the average yield this year pegged at £107.16. August 2008 saw average yields of £111.27.

Nevertheless, when compared with the rest of Britain, Edinburgh has had great success in both departments. The average UK occupancy rate fell from 74.4% to 72.2%. Average room yields for the UK as a whole also fell, dropping to £45.29 from £50.46. This means Edinburgh's average room yield was in fact twice that of the overall UK figure.

The figures were released by PKF, the accountant firm. PKF partner Alastair Rae has said that Edinburgh benefitted enormously from a hugely successful festival season. Although August is long established as a key month for the city, Rae thinks Edinburgh has nevertheless recorded an exceptional performance, given the current financial climate.

According to PKF's research, Glasgow's performance was also way ahead of the UK average. Glasgow's occupancy rates were at 85%, down slightly from last Augusts' 87.2%. Glaswegian room yields dropped to £55.97 from £69.33.

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