PKF Reports
Chelsea blooms lift gloom for London Hotels
Wednesday, July 02, 2003
The Chelsea Flower Show helped to raise the heads of London hoteliers slightly in May although occupancy figures were still the second worst on record, according to PKF`s monthly hotel performance figures.
The continuing lack of confidence caused by terrorist warnings, a flatlining economy, and instability in Iraq and the Middle East was reflected in the occupancy, room rate and yield figures for May although the drop was less steep than the April plunge. Average room occupancy fell 9.2% to 67.3%, room rate dropped 7.0% to
Theodore Koumelis
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Wednesday, July 02, 2003
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