Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

London hotel occupancy and room rates rise in January

15 February 2017 by
London hotel occupancy and room rates rise in January

London hotels kick-started the New Year with a strong January performance, recording an increase in occupancy and room rates, according to new figures from data company STR.

The 5.8% increase in occupancy to 70.5% was the highest achieved in January in the capital since 2008. Average room rate, up 5.7% to £127.84, was the highest for the first month of the year since 1984.

Revenue per available room (revpar) rose by 11.8% to £90.08, with the West End posting a particularly strong revpar increase of 20.1%.

Meanwhile the supply of and demand for rooms grew by 2.8% and 8.8% respectively.

While the strong figures were partially generated by the ongoing weak pound, STR highlighted that January's figures were in comparison with a weak first month of 2016, when the market was still struggling from the aftershocks of the terrorist attacks in Paris.

Hotel, restaurant and bar spending rises in January >>

Improved London hotel figures for November >>

London hotels report largest October occupancy decline in 15 years >>

TagsTrends and Hotels
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
Thank you

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

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking