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

London hotels achieve highest August occupancy for 15 years

17 September 2014 by

London hotels have achieved the highest August occupancy since 1999, according to preliminary figures published by business advisory and accountancy firm, BDO.

Occupancy for the capital increased last month by 3.4% to 87.3%, while average room rate (ARR) was up 3.1% to £117.55. As a result, rooms yield grew by 6.7% to £102.66. The boost in rates was driven by an increase in foreign tourists in London, and mirrors record August passenger figures at Heathrow and Gatwick airports.

Regional hotels also had a strong month, with August recording the fourth month of double-digit growth this year. Occupancy increased by 3.9% to 82.2%, while ARR and rooms yield grew by 7.9% to £61.00 and 12.1% to £50.16 respectively.

Robert Barnard, partner at BDO, said: "The buzz of UK tourism has firmly kept the momentum experienced last year and hoteliers are reaping the rewards as both overseas and domestic visitors make the most of all that the country has to offer.

BDO's hotel trends surveys feature mainly chain hotels in the three- to four-star sectors, predominately in towns and cities.

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