The Trends In Hotel Bedroom Rates

The latest report from HRS has compared bedroom rates in quarter 3 of 2014 with quarter 3 of 2015 and found that rates are up.

London is still the most expensive place to stay in the UK and Europe with rates averaging £140 per night, and increase of 17% compared with last year.   Edinburgh is the second most expensive destination in the UK, with rates of £116, an increase of 7% over last year.  The Rugby World Cup and Ashes Tour had an impact with demand increasing in Bristol, Cardiff, and other match destinations.

The BDRC predicts that there will be a large increase in the supply of hotel bedrooms during 2016, with new hotels in Manchester adding 1,500 rooms, Edinburgh 1,400 rooms and Glasgow 900 rooms.   London will add 8,000 rooms, an increase of 6% and it is predicted that hotel numbers will grow by 12% in the next three years.  They also believe that the merger of Starwood and Marriott, the recommended runway for Heathrow Airport, terror threats and oil prices will all affect hotel growth.

On the international scene, Zurich is Europe’s second most expensive capital city, with Istanbul coming third, followed by Amsterdam, Paris and Stockholm which have similar rates.