London hotels post strong performance in December

14 January 2019 by
London hotels post strong performance in December

The festive season brought good cheer to London hotels during December with a positive set of results recorded across all metrics, according to new figures published by data company STR.

Revenue per available per room (revpar) led the way, up 11.4% year-on-year to £128.09, while average room rate increased by 6.2% to £156.4 compared to December 2017.

Occupancy rose by 5% year-on-year to 81.9%, and a 7.3% increase in demand outstripped the 2.3% in new bedroom supply.

New Year's Eve was the strongest day of the month, with revpar up 17.8% to £219.39.

STR will release its full December results later this month.

Record November occupancy for London hotels >>

American football drives up occupancy and room rates of London hotels >>

Economic uncertainty and new openings to slow performance of UK hotels >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

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 Group 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.


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