Drop in London occupancy levels during August

15 September 2015 by
Drop in London occupancy levels during August

London hotels saw a reduction in occupancy levels for August, according to preliminary figures published by STR Global.

Occupancy decreased by 1.8% to 85.4%, while the average daily rate (ADR) increased by 4.2% to £141.59. Revpar also increased by 2.4% to £120.90.

Room supply increased by 2.3% year-on-year, while demand rose by 0.5%.

According to analyst STR Global, London hotels have seen consistent growth in transient demand but a decline in group demand with lower rates available outside the capital.

The company, which provides hotel data, said the weakening of the euro against the British pound continued to lead to more affordable outbound travel from the market, but London still managed to achieve high occupancy levels overall.

STR Global will release its full August results later this month.

High occupancy levels in July for London hotels >>High occupancy levels in June for London hotels >>Record February performance for London hotels >>

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TagsFinance and Hotels
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