London hotels records strong occupancy and room rates in October

London hotels achieved one of the highest October occupancy rates for the past 20 years last month, according to preliminary data from STR Global.

Average occupancy was 88.3%, while average daily rate (ADR) increased by 8% year-on-year to £153.22 and revenue per available room (revpar) grew 8.9% to £135.35.

Occupancy exceeded 85% for 25 of the 31 days during October.

Elizabeth Winkle, managing director of STR Global, said: "ADR remains strong for London in October, matching the level of an already fabulous September. Coupled with one of the highest occupancy rates for October within the last two decades, the first month of quarter four achieves the highest RevPAR level in 2013 so far."

STR Global will release final October 2013 results in two weeks, alongside revised 2013 forecasts.

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[Insolvency rate in hospitality continues to fall >>