Archive for the Occupancy Category

London hotel occupancy dips in September

Preliminary data from STR shows that London hotels experienced a year-on-year decline in occupancy levels by 1.6% to 86.9% in the month of September. However, the capital’s properties saw growth in average daily rate (ADR) of 1% – up to £143.69 when compared with last year. Revenue per available room (RevPAR) saw a slight decrease of 0.6% to £143.69. STR suggested that the decline in occupancy was due to pressure from the increase of London’s hotel supply, which has been showing record growth for several consecutive years. STR analyst note that demand was likely boosted by the biennial Defence and

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London hotels suffer decline in occupancy

Preliminary data from STR has indicated a year-on-year decline in occupancy levels for London hotels. Occupancy fell by 2.7% to 82.3% compared to the same period last year. STR analysts note that London’s occupancy decline was a result of the spike in supply. The number of rooms sold in the market went up, but supply grew at a quicker rate. On the other hand, the figures suggest a growth in the average daily rate (ADR) compared to last year’s data with an increase of 3% to £143.28. There has been a 4% increase in supply and a 1.2% increase in

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