LONDON—Not much has changed in the United Kingdom hospitality industry over the last two months as far as performance peaks in the week and troughs during the weekend, with neither making for startling reading.
During a U.K. and European hotel industry performance recap video for the week of 22 June to 28 June, STR director Thomas Emanuel said the hope is that will change as of 4 July, the date set by the U.K. government for hotels to be able to reopen in England.
Northern Ireland’s hotels began to reopen on 3 July, while Welsh and Scottish hotels can welcome guests on 13 July and 15 July, respectively.
Emanuel said midweek occupancy has now peaked at 32% for open hotels following a gradual upward trend. Revenue-per-available-room declines in year-on-year terms maintained their poor daily performance, ranging between 81% and 90% declines over that period.
Occupancy in specific U.K. markets ranged in the last week from 7% in Belfast to 53% in Aberdeen, where much of the demand comes from long-stay guests.
Another positive number is over the next two weeks cancellations are not outpacing bookings, the first time that has occurred since lockdown, Emanuel said. This new trend is not a huge percentage gain, but any growth must be considered welcoming, he said.
Now all eyes are on hotels reopening, he added.
For more of Emanuel’s insights into U.K. performance data, please watch the video below:
Editor’s note: The video included in this article was filmed Thomas Emanuel, director at STR, on 1 July and edited and produced by CoStar Group. HNN is a division of STR, a CoStar Group company.