EconomyHotelsTrade Organisations

London hotel occupancy declines, ADR climbs, in December

Occupancy levels were down 2.7% compared with the same time last year

STR’s preliminary December 2017 data for hotels in London indicates a year-on-year decline in occupancy levels, but growth in average daily rate (ADR).

Occupancy levels for hotels in London dropped 2.7% in December compared with last year, and are now at a total of 77.9% occupancy.  The movement is attributed partially to supply being up by 3.1%.

Although supply growth has affected London’s occupancy comparisons, December would be the UK capital’s 14th consecutive month of ADR growth, up by 0.4% to £148.85.

STR analysts noted that the ‘Brexit effect’, which drove a surge in international visitors in early 2017, seems to be wearing off as the value of pound sterling continues to climb.   

Demand increased by 0.3%  and revenue per available room (RevPAR) dropped by 2.3% to £115.99.

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Lewis Catchpole

Lewis is a multimedia journalist and a alumnus of the University of Sheffield. He is a keen reader, follower of all sports and an avid supporter of Manchester United, for better or for worse. If you have any news or feature ideas please do not hesitate to contact.

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