Manchester’s The Lowry Hotel has announced last month it achieved its best monthly income since it opened in 2001.
General Manager Adrian Ellis believes the record figures are a clear sign that the city centre’s economy, and its hotel and leisure sector, is bouncing back strongly after the tragic attack at Manchester Arena in March 2017.
He said: “Hotels are a barometer for the wider economy and we interpret this record level of income for one month at The Lowry Hotel as demonstrating the city’s resilience.
“There is clearly the confidence and spending power among all of our target customers, whether it be overseas guests, corporate customers and those from the North West and around the UK.”
The increase was a 5% increase on last year’s October figure and the occupancy level exceeded 90%.
Mr Ellis puts the rise down to several factors including the new football season including Champions League fixtures and the re-opening of Manchester Arena in September, together with the Conservative Party conference.
In May the hotel was acquired for £52.5m by Singapore-based CDL Hospitality Trusts led by chief executive officer Mr Vincent Yeo.
Last month its annual accounts reported improved profits and turnover for the year ending April 2015.
In 2015 and 2016 a £5.25m refurbishment programme upgraded the spa, suites, public areas, and business and banqueting facilities.
The Lowry Hotel General Manager Adrian Ellis said: “The fact we are trading more strongly than ever is not just good news for the Lowry Hotel – it is good news for the city.
“Manchester is a fantastic business, entertainment and sporting destination both within the United Kingdom and internationally and The Lowry Hotel remains the preferred choice for high profile guests from the sporting, entertainment and corporate fields.”
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