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The terrorist attacks which took place in Paris in November have had a dampening influence on the performance of London’s hotel industry, according STR Global.
Preliminary data from the research firm found that occupancy in the capital fell 3.5% during the month to 81.6%, compared with the same month last year.
STR noted that occupancy decreased year-on-year for 14 of the 17 days following the 13 November terrorist attacks, in which 130 people were killed.
Average daily rate increased by 2.2% to £149.98, while revenue per available room (RevPAR) decreased by 1.4% to £122.38.
STR said that an imbalance in supply and growth – supply increased by 1.7% while demand decreased by 1.9% – and the subsequent decline in occupancy, led to London’s overall decrease in RevPAR.
