Economy

London hotels see ‘record-high’ growth in February

London hotels saw “record-high” growth in February, driven by the Six Nations rugby match and London Fashion Week, according to hotel benchmarking firm STR.

London hoteliers reported occupancy rose 0.6% to 78%, ADR increased by 1.1% to £133.52 and RevPAR rose 1.7% to £104.14 during the month, with supply and demand increasing by 2.6% and 3.2% respectively.

A statement by the firm read: “The absolute ADR and RevPAR levels are the highest for any February in STR’s London database, while the occupancy level is the highest for February since 2010.

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“STR analysts note that the Six Nations rugby match (10 February) and London Fashion Week (14-19 February) helped boost performance levels.”

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