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Paris attacks impact December business in London hotels

11 January 2016 by

The terrorist attacks in Paris in November hit December occupancy figures and room rates in London hotels, according to new data from STR Global.

Occupancy decreased by 4.2% to 74.9%, average daily rate fell 0.8% to £139.59 and revpar dropped 5% to £105.59. While the supply in hotel rooms increased by 2.5%, demand decreased by 1.8%.

Analysts at STR Global pointed to the Paris attacks and other recent terrorist threats in Europe as being the likely cause of the negative results.

"Although London was not the only major market in Europe to experience drops in tourism and travel as a result of the attacks, the ongoing safety concerns in Europe have caused corporate travel to decline," said the analysts. "Leisure travel, however, remained solid as London hotels performed better during weekends than in December 2014."

However, the wide UK market is continuing to perform well, with hotels in Birmingham and Scotland (with the exception of Aberdeen) experiencing positive results during December.


Paris terrorist attacks lead to 3.5% drop in November occupancy for London hotels >>

London hotels records strong occupancy and room rates in October >>

Rugby World Cup drives London revpar and ADR in September >>

TagsHotels
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