Hotels sector to feel the pinch in 2013 warns PwC
BIRMINGHAM’S hotel sector is facing the squeeze despite a strong end to 2012, hospitality analysts have said.
Occupancy rates rose to 63.9% in December 2012, up from 59.2% in the same month of 2011, according to data provided for PwC by STR global.
PwC said despite concerns that weaker economic prospects were likely to dampen performance in the sector in 2013, the latest data showed that regional hotels benefited from a solid finish to 2012.
The average daily rate (ADR) of hotel rooms in Birmingha... For the full story register now for free or login below...