London hotels enjoy increase in December room rates but fall in occupancy

10 January 2020 by
London hotels enjoy increase in December room rates but fall in occupancy

Hotel occupancy levels fell marginally in December alongside a rise in room rates, according to provisional figures published by hotel data company STR.

The occupancy rate dropped by 1% to 81.2%, while average daily rate (ADR) and revenue per available room (revpar) increased by 2.6% to £159.48 and 1.5% to £129.44 respectively.

The ADR and revpar rates are the highest for any December in STR's London database.

While there was a slight decline in occupancy, STR analysts highlighted that the Christmas festivities helped London hotels enjoy nine nights with an occupancy rate of 90% and higher.

STR will publish its full December results later this month.

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