London hotels see third year of growth

The Olympics helped hotels in London to record their third successive year of growth, according to new figures.

The latest HotStats UK Chain Hotels Market Review by TRI Hospitality Consulting found that London hotels’ profit per room increased by 4.9 per cent last year from £71.73 to £75.27.

The huge increase in performance during the Olympics helped to cancel out poor performances in June, July and November caused by the Diamond Jubilee celebrations, pre-Olympic nerves and the post-Olympic hangover, respectively.

The figures indicated that 2012 was a busy year for those working in hospitality and catering jobs in London and throughout the UK; profit per room increased annually by two per cent in the UK as a whole, but fell by 1.9 per cent in the more provincial areas.

Jonathan Langston, managing director of TRI Hospitality Consulting, commented: "For London hoteliers it has been a breathless charge through 2012 and it now seems like a lifetime ago that the industry was discussing how bad the Olympic Games may be for business.

“How different our perspective is now, as, taking nothing away from the ability of London's hotel managers, the Olympics are the saviour of the year and we will take only positive memories away from 2012.”

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