Search
The Caterer

Hotel average daily rate in London up, but occupancy down 1%

17 October 2016 by
Hotel average daily rate in London up, but occupancy down 1%

London hotels recorded the absolute highest average daily rate (ADR) for a September since 1995, according to the latest performance figures from hotel data company STR.

However, while, the ADR grew by 0.7% year-on-year to £164.76, revenue per available room remained flat, with a 0.2% decrease to £145.48.

Meanwhile, occupancy dropped by 1% to 88.3%, alongside increases in supply and demand of 2.6% and 1.6% respectively.

Analysts at STR said that London has maintained strong demand levels since the results of the Brexit referendum were announced in June and that the market has experienced 10 consecutive months of growth at a rate of 2% or higher.

Hotel, bar and restaurant spend growth slows in August >>

AA Hotel Services joins forces with STR Global >>

Hotel supply outpaces demand in London hotels >>

Latest video from The Caterer

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!