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Home / Latest News / Cardiff hotels enjoy double digit growth

Cardiff hotels enjoy double digit growth

Concerts and sporting events helped drive a rise in occupancy and room rates at hotels in Cardiff in June, according to the latest figures from Cardiff-based accountancy and business advisory firm BDO LLP.

Hotels in Cardiff enjoyed a 4.4% rise in average daily room rates with guests being charged £68.18 in June this year compared to £65.33 at the same time in 2012.

However, in Swansea the average daily room rate fell 2% from £51.55 to £50.52 during the same period.

Occupancy in Swansea also fell 0.2% to 79% in June.

Graham Randall, lead partner at BDO LLP, said: “Hotels in Wales have reported mixed fortunes, but figures are positive, particularly for Cardiff, indicating a return to form for the hotel sector which is still going through a difficult period.

“Cardiff hotels continued to demand higher room rates in June due to the number of visitors attending concerts and other events including the British Water Ski Championships, ICF Canoe Slalom World Cup and Cardiff Bay Yacht Club Regatta.

“At the same time Swansea has struggled with occupancy falling slightly despite a further 2% discounting in room rates.”

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