Revpar falls by 1% at London hotels
London hotels saw revenue per available room (revpar) drop by 1.26% in the week ending 19 October, according to figures from hospitality research company STR Global.
Revpar fell to £124.76, down from £123.22 during the equivalent week of 2007.
Occupancy decreased by 0.93 percentage points to 85.40% while average room rate increased by 2.36% to £146.10 compared with £142.73 in the corresponding week of 2007.
STR Global was formed this year from the merger of leading hospitality research firms Smith Travel Research (STR), Deloitte's HotelBenchmark and The Bench.
London hotel performance in the week ending 19 October >>
West Midland hotel performance in the week ending 19 October >>
By Angela Frewin
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