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Occupancy decrease for London hotels in May

13 June 2016 by
Occupancy decrease for London hotels in May

Preliminary data on London hotels' performance in May released by data and analytics specialist STR indicates negative occupancy performance.

Based on early daily data recorded in May 2016 in year-on-year comparisons, London saw a decrease in demand of 0.4% and a 2.8% decrease in occupancy to 81.7%.

There was also a 2.4% decrease in revenue per available room to £117.62.

At the same time there was an increase in supply (2.5%) and a 0.4% increase in average daily rate to £143.92.

The decrease in occupancy came as a result of a supply growth and demand performance imbalance.

Although performance was weak for the month overall, occupancy remained above 86% from Tuesday 24 May to Saturday 28 May when London hosted the Chelsea Flower Show. Average daily rate also peaked for the month at £165.49 on that opening Tuesday.

STR will release full May 2016 results later this month.

London hotels expected to perform better in 2017 >>

London hotels record flat performance in April >>

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