Upwardly mobile 20 September 2019 The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
In this week's issue... Upwardly mobile The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
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Record room rates for London hotels in July

12 August 2019 by
Record room rates for London hotels in July

London hotels recorded the highest average daily (ADR) and revenue per available room rates (revpar) on record during July, according to latest figures from data company STR.

Tennis at Wimbledon at the beginning of the month helped push up hotel performance, with ADR increasing by 3.3% to £176.07 and revpar up 2.4% to £159.30.

Although occupancy was slightly down by 0.9% to 90.5%, the capital enjoyed an occupancy rate of over 90% for 20 nights.

The 1.5% increase in room supply was ahead of a 0.6% increase in demand.

STR will release its full July results later this month.

London hotels report record breaking performance figures for June >>

London hotel occupancy drops by 0.6% in May >>

Record high recorded by London hotels average daily rate for any April >>

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