Economy

London occupancy and RevPAR rises in September

Hotels in London saw positive performance in occupancy rates and RevPAR in September, despite a 3.3% increase in supply, according to preliminary data from STR Global. 

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

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