Manchester hoteliers report rising profits in March

Manchester hoteliers recorded a 3.3% increase in profit per room in March, which contributed to a 2.4% increase for Q1 2016, to £35.78 from £34.94 during the same period in 2015, according to the latest data from HotStats.

This was in contrast to hotels in the Provinces, which suffered a 4.6% decline in GOPPAR in March, which contributed to a 2.6% year-on-year drop in profit per room for the first quarter of 2016.

Whilst room occupancy declines were recorded in both Manchester and Provincial UK hotels this month, the 7.4% uplift in achieved average room rate in the ‘Capital of the North’, far exceeded the 1.6% increase in the Provinces, and fuelled a 3.5% increase in RevPAR.

According to HotStats, hotel performance in Manchester has gone from strength to strength in recent years. Despite additions to stock in 2015 including the 208-bedroom INNSIDE by Melia and 330- bedroom Motel One Piccadilly, on a rolling 12-month basis, profit per room has increased by 9.3% over the last year, to £43.51 in the 12 months to March 2016, from £39.82 in the 12 months to March 2015.

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