London hotels achieve record revpar figures for March

12 April 2019 by
London hotels achieve record revpar figures for March

Six Nations rugby helped drive revenue per available room (revpar) in London hotels to a record level for March, according to the latest figures from data group STR.

Alongside the 3.8% increase in revpar to £112.68, average daily rate grew by 1.7% to £138.13 and occupancy climbed by 2.1% to 81.6%.

Meanwhile, demand for rooms, up by 4.6%, outpaced new supply, which increased by 2.5%.

STR analysts said the performance of London hotel benefited from the two Six Nations rugby matches on 9 and 16 March, as well as the three-day Passenger Terminal Expo.

Record performance for London hotels in January >>

London hotels post strong performance in December >>

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