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London hotels record weak performance in June

12 July 2016 by
London hotels record weak performance in June

London hotels saw a decrease in demand, occupancy, average daily rate and revenue per available room in June, according to preliminary data from analytics specialist STR.

In comparison with a strong June 2015, London hotels saw a decrease in demand by 1.8% and a 4.2% decrease in occupancy to 84.4% in June 2016.

The daily data also showed a 2.5% increase in supply, a 1.9% decrease in average daily rate to £155.40 and a 6% decrease in revenue per available room to £131.17.

London's absolute occupancy exceeded 90% on nine days in June 2016, compared with 15 days of occupancy above 90% in June 2015. However, despite this, June's occupancy level was still the lowest for a June in London since 2012.

Occupancy decrease for London hotels in May >>

London hotels expected to perform better in 2017 >>

Brexit could hinder hotel industry growth, warns STR >>

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