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MCR Hotels Top Performers In Europe
Manchester hotels among the best performing in Europe alongside Geneva, Lisbon and Budapest
MANCHESTER Hotels are currently the best performing hotels in the UK and among the best performing in all of Europe, according to data compiled by STR Global.
Occupancy rates in Manchester are showing their strongest performance since pre-recession peaks in 2006-07.
The Manchester hotel market was one of only seven across Europe to record an ADR (average daily rate) year-on-year increase of more than 10% to €94.32 in October 2014:
- Geneva, Switzerland (+14.6% to €243.28)
- Manchester, England (+12.9% to €94.32)
- Lisbon, Portugal (+12.0% to €97.86)
- Amsterdam, Netherlands (+11.1% to €161.27)
- Paris, France (+10.8% to €295.21)
- Budapest, Hungary (+10.4% to €75.37)
- Edinburgh, Scotland (+10.2% to €99.14)
Radisson Blu Edwardian, Peter Street
Manchester hotels were also one of only six markets to achieve a RevPAR (revenue per available room) year-on-year increase of more than 15% to €79.78 in October 2014:
- Athens (+27.8% to €85.01)
- Geneva (+20.6% to €173.46)
- Lisbon (+20.4% to €83.12)
- Madrid, Spain (+18.3% to €74.87)
- Budapest (+18.2% to €58.64)
- Manchester (+15.3% to €79.78)
Occupancy rates in Manchester are showing their strongest performance since pre-recession peaks in 2006-07, with Marketing Manchester recording a rate of 78% in the first eight months of 2014.
The Lowry Hotel
The city's hotels helped the UK industry to record a strong year from October 2013 to October 2014 with 81.9% occupancy (a year-on-year increase of 2.4%), compared to 76% in Germany, 73.1% in Spain, 72.6% in Italy and 57.5% in Russia.
UK hotels also recorded an ADR increase of 3.4% and RevPAR increase of 5.9% for the year.
Managing Director of STR Global, Elizabeth Winkle, said:
“Each month this year, Europe has reported either flat or positive performance in the three key performance metrics. October performance was no different. Actual average daily rate (€110.42) for the month was the highest rate we’ve seen in any October in the past ten years."
Tourism is estimated to generate £6.6bn a year for Greater Manchester.
www.strglobal.com
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8 comments so far, continue the conversation, write a comment.
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Look at that view from the lowry Hotel in the picture. Ghastly. Why pay 5 star prices for such a terrible view.
your mother
Is not bad...CHILL..
This might shut up the ill-informed Anons that whinge that we don't need any more hotels in town. But then again, pigs might fly...
We do needs lots more hotels but not necessary the ones that getting built.There is a lack of 5 star hotels and a lack of accomodation aimed at young people and backpackers specifically.There is some but it's not good enough.Perhaps Salford could specifically try to tap this market as it's ideal location for modern high spec hostels,being so close city centre.
This is just another example of how Manchester is now accelerating away from the rest of the North. Good for Manchester and it's environs. bad for the rest of the North. If counter-balancing our economy means a dominant Manchester and this is now becoming very obvious as so far it is the only place with guaranteed devolution. Where will that leave places on the periphery like Hull and Middlesborough or Barrow and Carlisle? Despite the rhetoric it is obvious that the government want Manchester at the epicentre of it's Northern dream.
Does the south suffer from a (far more) dominant London?
The huge difference is that no other city in the South is of any significant size. Osborne is now shifting the hatred the rest of the country feels for London to a Northern hatred of Manchester. Where do the other cities of the North fit in with the Northern powerhouse scheme? Two wrongs don't make a right.