Hotels in the UK saw a moderate slowdown in occupancy during October as business and leisure travellers cut back on spending, according to the latest figures from PKF Hotel Consultancy Services.
In London, the slowdown in business travel meant occupancy declined from 86.5% to 83.8%, while in the regions occupancy was down 5.8% on 2007.
European Capital of Culture Liverpool bucked the trend, as occupancy increased 3.9% to 83.9%. Room yield in the city jumped 5.1% from £66.26 last year to £69.61 this year.
Leeds also enjoyed some growth, but Cardiff took the hardest hit with a 9.4% drop in occupancy.
PKF partner Robert Barnard said: “The continued global economic woes mean that the lack of growth experienced by many hoteliers in October was to be expected.
“It is important to note that the falls overall were fairly moderate and the industry, while feeling the effects, is still holding its own.”