London hotels enjoy highest occupancy levels in four years

28 October 2004
London hotels enjoy highest occupancy levels in four years

London hotels have been enjoying their highest occupancy levels since September 2000, according to Deloitte's latest HotelBenchmark.

Last month, hotels in the capital achieved occupancy of 83%, compared with 81.8% in September 2003.

The biggest increase was found among hotels targeting the corporate traveller and business conference markets with bedrooms priced between £160 and £200. They boosted revpar over the first nine months by 19% to £130.

"With costs under control, London's hoteliers will benefit this year from the sharp rebound in room nights sold at higher average rates," said Marvin Rust, hospitality partner at Deloitte.

"I expect the momentum to be maintained in the final quarter, with further growth in revpar to follow in 2005."

Outside the capital, airport hotels have fared well during the three months to 30 September, when they boosted occupancy by 5 percentage points to 78%.

Budget hotels also performed strongly and increased both occupancy and room rates.

The UK has outperformed Europe over the past nine months, when its 9% rise in revpar was double the European average.

by Angela Frewin

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

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.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking