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London hotels perform well after June terrorist attacks

03 July 2017 by
London hotels perform well after June terrorist attacks

The performance of London's hotels has held up strongly following the terrorist attacks on London Bridge and Borough Market during which eight people died and 48 were injured, according to new figures from data company STR.

While hotel occupancy in the capital dropped 1.5% to 82.5% between 1 and 16 June, average room rate and revenue per available room (revpar) increased by 4.5% to £159.41 and by 2.9% to £131.50 respectively. The terror attacks took place on Saturday 3 June.

London hotels appear to more resilient than their French and Belgian counterparts, which suffered a slump in bookings following the terrorist attacks in Paris in November 2015, Brussels in March 2016 and Nice in July 2016.

Thomas Emanuel, director of businesses development at STR, said that business in French and Belgian hotels "fell off a cliff overnight with double digit revpar decline" following the atrocities.

"Weak sterling has continued to stimulate leisure demand in particular, making London a very attractive proposition," he added. "The reality is that people are also becoming more used to these events.

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Borough Market to re-open 10 days after London Bridge terror attack >>

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