Hotel performance in London continued to show a steady improvement in September with a 2.1% year-on-year increase in revenue per available to £137.87, according to preliminary results for the month from STA Global.
Occupancy also grew 1.2% during the month to 89.4%, with a rise in average daily rate to £154.24. Demand for hotel rooms grew by 4.6%, outstripping the increase in rooms supply of 3.3%.
Elizabeth Winkle, managing director of STR Global, said that September is traditionally a strong business month for the capital.
"September results were spot-on to what we forecasted for the month, and we are confident that London will finish the year with an overall 4.0% revpar growth as we, in conjunction with Tourism Economics, forecasted for 2014," she said.
STR Global will release its full September results in two weeks' time.