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London reports record-breaking RevPAR for April

London has shown record-breaking revenue per available room (RevPAR) figures for April, preliminary data from benchmarking firm STR reports.

Following a record-breaking first quarter, the market registered its highest RevPAR level on record.

Hotel demand in the capital has continued to grow, and STR suggested that the In-Cosmetics Global Show and the Natural Stone Show and Conference played a part in the high occupancy.

In the days these events took place, occupancy was 95% and average daily rate (ADR) was above £160.

Room supply was up 2.8% year-on-year and demand was up 6.6%. Occupancy increased to 83%, which was a 3.7% uptick on the previous year.

ADR rose to £143.92 which was up 6.4% on 2016. RevPAR was at £119.40 which was an increase of 10.3% on last years figures.

STR will release the official results for April 2017 later this month.

About Shekina Tuahene

Shekina Tuahene
Shekina is a multimedia journalist who has lived in London all her life. She is an alumnus of University of Greenwich and Brunel. Shekina loves to read, travel, socialise and listen to music. If you have any story or feature ideas, feel free to drop her a line.

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