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London hotels recorded a weak performance in June as all of the key metrics saw declines, according to the latest data from benchmarking firm STR.
In comparison with a strong June last year, hotels in the capital saw a 4.2% fall in occupancy to 84.4%, a 1.9% decrease in average daily rate (ADR) to £155.40 and a 6% fall in revenue per available room (RevPAR) to £131.17.
The poor performance was exacerbated by a 1.8% decrease in demand, mixed with a 2.5% increase in supply.
The city’s absolute occupancy exceeded 90% on nine days in June 2016, compared with 15 days of occupancy above 90% in the same month last year.
Even with the nine days, the month’s 2016 occupancy level was the lowest for a June in London since 2012, said STR.
