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Sun on the horizon for UK hotels
The UK hotel industry will soon be over the worst of the downturn, a new report from PricewaterhouseCoopers claims today. The firm predicts that revenue per available room (Revpar) will fall 12.1 per cent overall this year, but that this will slow to a 2.4 per cent decline in 2010. It also said the fall in room occupancy rates would halve next year, with occupancy returning to growth after two years. Robert Milburn, PwC’s UK hospitality and leisure leader, said the sector has been boosted by an increase in affordable leisure deals, as London slipped from second to 22nd in a league table of the world’s most expensive cities.