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Travel Daily
UKHotels

London hotel sector bounces back

By Gemma Greenwood On Jan 13, 2017
Guest Contributor

Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly

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STR’s preliminary December 2016 data for London, England, indicates significant demand growth and high occupancy levels.

Based on daily data from December, London reported the following in year-over-year comparisons:

Supply: +2.7%

Demand: +10.0%

Occupancy: +7.1% to 80.1%

Average daily rate (ADR): +7.0% to GBP149.02

Revenue per available room (RevPAR): +14.5% to GBP119.41

December marked London’s highest year-over-year RevPAR increase in the past 52 months (since the London Olympics in 2012).

While this performance growth is compared with a weak December 2015, when London hotels experienced a downturn in performance following the terror attacks in Paris, December 2016 marked London’s highest actual occupancy level for any December on record.

STR
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