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

London hotels end 2014 with record-breaking revpar figure

13 January 2015 by
London hotels end 2014 with record-breaking revpar figure

Hotel performance in London ended 2014 on a high, achieving the highest revenue per available room (revpar) rates of any December in 20 years, according to preliminary figures from STR Global.

Alongside an 8.3% increase in revpar to £111.03, average daily rate and occupancy also grew by 5.3% to £141.56 and 2.8% to 78.4% respectively.

Elizabeth Winkle, managing director of STR Global, said: "London closed the year with another record month, achieving the highest revpar levels of any December for the past two decades.

"The British capital is looking back at five consecutive years of revpar growth and is expected to continue this trend in 2015."

STR Global will release its full December 2014 results in two weeks.

Strong growth in demand for London hotels in November >>

Flat growth for London hotels in October >>

Steady rise in hotel occupancy and revpar for London during September >>

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