The writing's on the wall 15 November 2019 The time for making your business sustainable is now. Find out how hospitality’s leaders, including Sue Williams and Chantelle 
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In this week's issue... The writing's on the wall The time for making your business sustainable is now. Find out how hospitality’s leaders, including Sue Williams and Chantelle Nicholson, are going green in The [...]
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London hotels post strong performance in December

14 January 2019 by
London hotels post strong performance in December

The festive season brought good cheer to London hotels during December with a positive set of results recorded across all metrics, according to new figures published by data company STR.

Revenue per available per room (revpar) led the way, up 11.4% year-on-year to £128.09, while average room rate increased by 6.2% to £156.4 compared to December 2017.

Occupancy rose by 5% year-on-year to 81.9%, and a 7.3% increase in demand outstripped the 2.3% in new bedroom supply.

New Year's Eve was the strongest day of the month, with revpar up 17.8% to £219.39.

STR will release its full December results later this month.

Record November occupancy for London hotels >>

American football drives up occupancy and room rates of London hotels >>

Economic uncertainty and new openings to slow performance of UK hotels >>

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