Record occupancy and rooms rates in London hotel for April
London hotels continue to perform strongly with the announcement of record occupancy and room rates during April, according to preliminary figures from data company STR Global.
Year-on-year occupancy increased 1.6% to 83.7%, while average daily rate (ADR) and revenue per available room (revpar) rose by 5.3% to £136.70 and 7% to £114.45 respectively.
Meanwhile, a 3% increase in demand for rooms outstripped the 1.3% increase in supply.
Elizabeth Winkle, managing director of STR Global, said: "London continued to post record levels in the three performance measures of any April since 1993, when STR Global began collecting data for the capital.
"ADR remained the driving force behind positive revpar performance since September 2013, while occupancy levels in excess of 80% have been achieved for the second month in a row".
STR Global will release the full April 2014 results in two weeks.
Demand for London hotels stays ahead of supply >>
