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

London room rates drop in May

15 June 2015 by
London room rates drop in May

Room rates fell in London during May, according to preliminary results from STR Global.

Average daily rate and revpar decreased by 10.8% to £125.91 and by 10.1% to £107.04 respectively, while occupancy remained virtually flat with a slight 0.8% increase to 85%.

Demand for hotels was up 4.1%, slightly ahead of the 3.3% increase in supply.

Business in London was buoyant as a result of the RHS Chelsea Flower Show and the HSBC Sevens World Series, but it was not enough to grow figures in comparison with May 2014.

New bedrooms in London squeeze hotel occupancy figure for March >>

Record February performance for London hotels >>

London hotels see strong demand and revpar rise for January >>


*Looking for a job? See all the current hotel vacancies available with The Caterer* Jobs >>

Latest video from The Caterer

TagsFinance 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