Image courtesy of VisitEngland/Diana Jarvis

London records highest RevPAR since 1994

Economy

Monday, 12 December 2016, 11:55

1 min read

Latest Podcast Episode

Growing a global brand through local success at Wyndham Listen

In this episode we speak to Jackie Brown, regional director, North & West Europe, Wyndham Hotels & Resorts. Jackie spoke about her time at Hilton and the lessons learned across both operations and corporate hospitality, Wyndham's growth ambitions across Europe and the opportunities within the UK market today, balancing global brand standards whilst supporting owner’s individual growth plans and how Wyndham maintains strong partner relationships through transparency and trust.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Hoteliers in London have recorded their highest revenue per available room (RevPAR) in November since 1994, as demand outstripped supply.

Preliminary results from STR’s monthly research found supply in the capital increased by 3% during the month, but this was outstripped by 8.5% growth in demand when compared with November last year.

This led to a 5.4% increase in occupancy to 86.1% – the largest growth since July 2013 – while average daily rate (ADR) was up 2.6% to £153.07.

Meanwhile, an 8.2% increase in RevPAR to £131.78 was the highest absolute RevPAR for a November in London since 1994.

STR analysts noted that the results are in comparison with November 2015, when the capital’s hotel market experienced an aftershock following the terror attacks in Paris, France.