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Hotels in London experienced increased demand and high occupancy levels in June, compared with the previous year.
New preliminary figures released by STR Global showed demand rose by 3.3%, outstripping the increase of room supply of 2.6%, while occupancy levels increased by 0.6% to 88.1%.
Despite this, hotels in the capital recorded a 1.9% decrease in average daily rate (ADR) to £158.71 and a 1.3% fall in revenue per available room (RevPAR) to £139.77.
According to STR Global analysts, the increase in demand was despite an earlier Ramadan and a later Wimbledon when compared with previous years.
The data company said that London routinely experiences an influx of Middle Eastern travellers during the summer months, but said that those travellers leave during Ramadan. Meanwhile, Wimbledon started one week later than usual, shifting demand from the event into July.
Occupancy in the market increased due to demand growth outpaced supply, but it said the drop from Wimbledon and Ramadan may have contributed to the markets drop in ADR.
