New bedrooms in London squeezes hotel occupancy figure for March
20 April 2015 by Janet Harmer
New supply of bedrooms had a negative impact on occupancy figures in London during March, according to preliminary data from STR Global.
Occupancy fell 1.7% to 78.6%, alongside a decrease in revenue per available room to £105.16. However, average daily rate increased 1.1% to £133.77.
A 2% rise in demand for rooms failed to match the 3.7% increase in supply of new rooms.
Record February performance for London hotels >>
London hotels see strong demand and revpar rise for January >>
