ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

Record-breaking revpar increase for August in London hotels

Record-breaking revenue per available room rates for August were achieved by London hotels, according to preliminary figures released by data company STR.

 

Alongside a 4.5% year-on-year increase in revpar to £131.39, average daily rate also showed a healthy rise over the same month last year of 4.8% to £151.58.

 

While occupancy was marginally down by 0.3% to 86.7%, London climbed above 90% across 11 nights throughout the month. STR analysts said that this could be due to “the devaluation of the pound attracting international visitors to the capital”.

 

New room supply, up 1.5%, was slightly ahead of demand for accommodation, which increased by 1.2%.

 

STR will release is full August results later this month.

Newsletter sign up

Stay informed with all the latest

Newsletter Sign Up

Stay informed with the latest news

 

Sign Up

Rethinking Food Waste Webinar

Rethinking Food Waste Webinar

Best Places to Work in Hospitality 2025

Best Places to Work in Hospitality 2025

Supplier Awards 2025

Supplier Awards 2025

The Caterer Events

The Caterer Events

Queen's Awards for Enterprise

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media