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Average January room rate in London up for 15th consecutive month

12 February 2018 by
Average January room rate in London up for 15th consecutive month

Average room rate (ARR) across London hotels increased for the 15th consecutive month in January, up 1.3% to £129.23, according to preliminary results from data company STR.

However, a 3% increase in supply was balanced by a 2% rise in demand, ensuring that the occupancy rate remained virtually flat, up just 0.9% year on year to 69.8%.

Meanwhile, revenue per available room increase by a marginal 0.3% to £90.21.

STR will release its full January results later this month.

Average daily rate continues to grow in London hotels as occupancy falls >>

London hotel occupancy falls again in November >>

October hotel occupancy in London lowest for 11 years >>

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