Hotel insurance customers in London had a profitable first-half of 2010, if the publication of a new study is anything to go by.
Research carried out by PKF reveals that in the first six months of the year occupancy rates for hotels in the capital stood at 80.3 per cent, up 2.3 percentage points from the same period in 2009.
And it also appears hotel insurance policyholders are charging more for staying in rooms. The average room rate currently stands £118.40, up 7.1 per cent from the £110.51 seen in the first six months of 2009.
Robert Barnard, partner for hotel consultancy services for PKF, states: "The figures for London over the first half of this year suggest the capital is firmly into its recovery stage, which is positive."
Hotel insurance policyholders may also be interested in recent Deloitte research which revealed occupancy rates in London stood at 78.9 per cent between January and June, while on a regional basis this stood at 65.8 per cent.
