London and Paris hotel activity on the rise
Wednesday 03 March 2010
Travel to two of Europe's leading cities is picking up, according to data released this week by PricewaterhouseCoopers and Deloitte.
PricewaterhouseCoopers (PwC) revealed March 2 that London has seen five consecutive months of occupancy growth, with London hotels in the final quarter of 2009 82.5 percent full - a record high for the period.
PwC believes that the trend is set to continue into 2010, although this growth will mean higher prices for consumers. Prices will raise by around 3.5 percent in 2010, said the firm, to give an average rate of nearly £120 (€132). However, weakness in the pound means that London will still appear a good deal, says PwC's Head of Hotels Research Liz Hall:
"Assuming the exchange rate remains favorable hotels will seem relatively good value for overseas visitors. More high spending, US tourists will continue the good news."
This surge has also been reflected in Paris, according to figures released March 1 by Deloitte. Hotels of all classifications posted increased occupancy rates, boosted particularly by 2-star rated hotels that were 7.2 percent more full. Rates for four-star hotels in the French capital fell by 5.4 to €246 but rose 2 percent for 3-star hotels to €109 and 0.2 percent for 2-star hotels to €73.
Whilst travel to capital cities appears to be recovering, hotels outside London and Paris appear to still be struggling. PwC believes that British provinces are "temporarily beached" and are not set to recover until the second quarter of this year.
In France, Deloitte also said that most regions outside of Paris, particularly in the upscale sector, were suffering but that a recovery "could take place during the second semester."
The Independent travel offers: Discover a world of inspiring destinations
- 1 Crystal meth addict 'gouged out his eyes and ate them' while high on drug, Australian MP claims
- 2 As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
- 3 The ten most unequal developed countries in the world
- 4 Saudi Arabia 'seeking to head United Nations Human Rights Council'
- 5 Toddler throws a tantrum at the White House – in front of Barack Obama
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
The day that Britain resigned as a global power
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
£24K + Excellent Benefits: Guru Careers: We are seeking an Events Coordinator ...
Salary 42,000: Royal Yachting Association Cymru Wales: The CEO is responsible ...
£35-40k (DOE) + Benefits: Guru Careers: We are seeking a Marketing Communicati...
£40000 - £50000 per annum: Ashdown Group: A growing business that has been ope...