Revenue rates continue to improve for Manchester’s hoteliers

HOTELIERS in Manchester are continuing to witness an improvement in fortunes as revenue rates increased by almost 1% in the first half of the year.

A new survey by STR Global showed that revenues per available room (RevPAR) increased by 0.(% in the first six months to £47, compared with £44 in other regional markets and £102 in London.

Occupancy levels also increased to 70.2%, up 3.3% on the same period last year, but the average room rate dropped by 2.3% to £67. Again, this was ahead of other UK regions (£44) but considerably below London (£129).

Paul Lupton, North West head of corporate finance advisory at Deloitte, said: “Manchester has continued to build on its success in the first quarter of the year by increasing occupancy levels further as well as revenue per available room.

“In comparison to other key regional cities, Manchester boasts one of the highest RevPARs recorded across the UK with only Brighton achieving a higher RevPAR of 48.

“However, if you look at occupancy levels, cities such as Edinburgh, York, Newcastle and Glasgow have all outperformed Manchester during Q2, so there is still plenty of competition across the regions.”