Mixed results for London hotels in July

12 August 2014 by
Mixed results for London hotels in July

London hotels produced a mixed bag of result in July, with average room rate up and occupancy down, according to preliminary data from STR Global.

While average room rate increased 0.9% to £145.22, occupancy and revenue per available room (revpar) both declined by 1.9% to 86% and 1% to £124.94 respectively.

Meanwhile, there were increases of 2.7% in hotel supply and 0.8% in demand for rooms.

Elizabeth Winkle, managing director of STR Global, said that a fall in revpar for the third month in a row were impacted during July by increased supply and Ramadan which kept guests from the Middle East away from the capital.

"Although occupancy declined, the British capital achieved levels above 85% in this measure for the second year in a row, and the biennial Farnborough Air Show helped drive rates for the month," she added.

STR Global will release its full July results in two weeks.

TagsTrends and Hotels
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