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London and Edinburgh hotels show stronger than average European revpar growth

24 May 2017 by
London and Edinburgh hotels show stronger than average European revpar growth

London and Edinburgh recorded a higher year-on-year increase in revenue per available room (revpar) during the first four months of 2016, compared to the record-breaking 5.9% average rise achieved across 12 major European cities.

Revpar in London was up 11.1% to £105.80, while it grew by 14.4% to £59.94 in Edinburgh. Meanwhile, Manchester achieved a 3% increase to £57.88, according to new figures from data company STR.

Positive occupancy and average daily rate figures were also achieved, when reported in euro constant currency, across the 12 cities: up by an average of 3.3% to 65.6% and 2.5% to €67.47 (£58.27).

STR analysts said that the strong UK figures were drive by the devaluation of the pound, which made the UK a favourable destination for both domestic and international travellers.

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