Hotel markets on a par in NW ‘big two’

Hotel revenue per available room is the same in Manchester and Liverpool, with the latter enjoying slightly better occupancy levels, according to Deloitte.

Hoteliers in both cities generate £48 in revenue per available room (revPAR) sofar this year. Manchester revPAR was down 16.3% and Liverpool by 18.4% in the first three quarters of 2009.

Glasgow is still experiencing the least severe revPAR drop across the UK, down only 1.4%, as it continues to attract more events such as the MOBO awards, which it held at the end of September. Edinburgh, Cardiff and Newcastle are also holding up well, experiencing single digit revPAR decline year-on-year.

Paul Lupton, head of corporate finance advisory at Deloitte in the North West, added: "The number of overseas visitors to the UK was down 8% during the first seven months of the year, according to the Office for National Statistics. However, a surge in domestic tourism is counter-balancing this decline. So far this year, overseas departures by UK residents have decreased 16% as the appeal to holiday in the UK heightens. This has helped hotels to avoid the massive average room rate discounting that has taken place in other European countries."

Year-to-30 September daily UK hotel performance

Source: STR Global