Summary
HOTELS in Wales are set to see a fall in occupancy rates and many cities will not receive the promised Ryder Cup "dividend," a leading hotelier has warned.
Figures revealed by hotel consultancy firm PKF showed that Welsh hotels saw a decline in average room rates and room yield in May compared with the same month last year, while there was a small increase in room occupancy across the country.See the full content of this document
Extract
Hotel Market Decline May Be Permanent, Warns Hotelier
While occupancy in Wales was up 1.7% on the same time last year, from 71.1% to 72.3%, room rates fell 3.7% from pounds 56.37 in 2009 to pounds 54.29 this y...
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