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London hotels show strong growth rate

Preliminary data from STR indicates that London hotels have continued to show strong rate growth.

Despite recent terror attacks in the country, hotels in the UK have displayed record performance growth.

Based on daily data from June, London had a 3.5% year-on-year increase of supply, along with a demand increase of 2.5%. Occupancy fell by 0.9% to 87.5%.

ADR grew by 6.6% to £165.42 while RevPar rose to £144.76 which was an increase of 5.6% compared to the previous year.

Although July produced a year-over-year decline in occupancy, which STR analysts attribute to the market’s supply growth, the absolute level would be London’s highest for any month thus far in 2017.

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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