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Revpar falls by nearly 12% at London hotels

17 September 2008 by
Revpar falls by nearly 12% at London hotels

London hotels saw revenue per available room (revpar) fall by 11.91% in the week ending 14 September, according to figures from hospitality research company STR Global.

Revpar fell to £118.42, down from £134.42 during the equivalent week of 2007.

Occupancy decreased by 6.24 percentage points to 82.44% while average room rate dropped by 5.23% to £143.63 compared with £151.57 in the corresponding week of 2007.

STR Global is a new company formed from the merger of leading hospitality research firms Smith Travel Research (STR), Deloitte's HotelBenchmark and The Bench.

London hotel performance in the 12 weeks to 14 September 2008 >>
London airport hotel performance in the year to February 2008 >>

By Angela Frewin

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