The people running the Titanic Quarter are in the red but the Belfast hotels did quite well thanks to Titanic. According to Belfast Telegraph, the recently released PriceWaterhouseCoopers report noted the highest jump in occupancy rates since 2006.
Occupancy for April – the month of the centenary of Titanic’s sinking – was up 25% in the city’s top 38 hotels, and overall revenue and revenue per available room was 45% ahead of the year before. Stephen Curragh, PwC partner and hospitality expert, said: “While last year’s MTV Music Awards accounted for around 8,000 room nights, with the event delivering delivering an estimated £22m to the Belfast economy, it was March and the launch of the Titanic Belfast Festival that really saw a substantial jump in Belfast hotel occupancy and revenues.
Source: Belfast Telegraph,City Hotels Experience Titanic Rise In Rates Of Occupancy, 5 Nov 2012