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

Occupancy figures in London hotels dropped following the 13 November terrorist attacks in Paris, according to preliminary data from STR Global.

Year-on-year, occupancy in the capital decreased for 14 of the 17 days following the atrocities. Overall for the month of November, occupancy fell by 3.5% to 81.6%.

Average daily rate increased by 2.2% to £149.98, while revenue per available room (revpar) decreased by 1.4% to £122.38.

It is believed that the revpar figure was adversely impacted by the 1.7% increase in room supply at the same time as demand decreased by 1.9%.

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