Preliminary data on London hotels' performance in May released by data and analytics specialist STR indicates negative occupancy performance.
Based on early daily data recorded in May 2016 in year-on-year comparisons, London saw a decrease in demand of 0.4% and a 2.8% decrease in occupancy to 81.7%.
There was also a 2.4% decrease in revenue per available room to £117.62.
At the same time there was an increase in supply (2.5%) and a 0.4% increase in average daily rate to £143.92.
The decrease in occupancy came as a result of a supply growth and demand performance imbalance.
Although performance was weak for the month overall, occupancy remained above 86% from Tuesday 24 May to Saturday 28 May when London hosted the Chelsea Flower Show. Average daily rate also peaked for the month at £165.49 on that opening Tuesday.
STR will release full May 2016 results later this month.
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