Economy

RevPAR up in London despite slight drop in occupancy

London hotels reported a strong performance in September, according to preliminary data from hotel research firm STR Global.

Despite a marginal 0.1% fall in occupancy to 89.2%, London hoteliers reported a 6.5% increase in average daily rate to £163.94 and a 6.5% increase in revenue per available room (RevPAR) to £146.29.

Increase in supply in the capital was up 1.7% but this was supplemented 1.6% increase in demand.

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Performance in London was driven mainly by the Rugby World Cup, which began on September 18 and runs through to the end of October.

Year-on-year RevPAR growth moved into double figures on September 16 and remained in double figures for the duration of the month.

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