They continued to see a steady improvement in September as revenue per available room (RevPAR) rose by 2.1% to £137.87. Occupancy also rose by 1.2% to 89.4%, with a 0.9% rise in average daily rate to £154.24. Demand for hotels also rose by 4.6%.
Elizabeth Winkle, managing director at STR Global, said: “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% RevPAR growth as we, in conjunction with Tourism Economics, forecasted for 2014.”
Image courtesy of VisitEngland/Diana Jarvis