Lowry Hotel reports best ever month’s trading

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The Lowry Hotel has reported its best month’s trading since it opened in 2001. Income for October was 5% up on last year, with the occupancy level exceeding 90%.

And last month its annual accounts reported improved profits and turnover for the year ending April 2015.

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 after the Manchester Arena attack in May.

“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,” says Mr Ellis.

“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.”

Pic © Phil Tragen

Mr Ellis puts the rise down to several factors including the new football season, Champions League fixtures, the re-opening of Manchester Arena, and the Conservative Party conference.

In May, the hotel was acquired for £52.5m by Singapore-based CDL Hospitality Trusts led by Vincent Yeo.

In 2015 and 2016 a £5.25m refurbishment programme upgraded the spa, suites, public areas, and business and banqueting facilities.

“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,” said Mr Ellis.

“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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