HOTELS in Yorkshire have started 2017 in style, according to the latest research by R3, which shows they outperformed many other parts of the country in what is traditionally one of the toughest months of the year for the sector.
The latest figures show the proportion of hotels in Yorkshire at higher than normal risk of insolvency in January was down to 17.9 per cent, well below the national average of 19.4 per cent. Of the 535 active hotels in the region, only 96 are identified as being at higher than normal risk.
Yorkshire’s was only outperformed by London with 16.9 per cent of hotels at higher than normal risk.
Adrian Berry, chair of R3 in Yorkshire, said: “It is cheering to see that despite fears of a fall in consumer confidence post-EU referendum, so far, people seem to be continuing to spend. In fact, the hospitality sector may be benefitting from more overseas visitors as a result of the weak pound.”
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