London hotels boosted revenue per available room (revpar) by 7.05% in the week ending 29 June, according to figures from hospitality research company STR Global.
Revpar increased to £152.17, up from £142.15 during the equivalent week of 2007.
Occupancy declined by 0.47 percentage points to 90.68% but average room rate rose by 7.6% to £167.81 compared with £155.96 in the corresponding week of 2007.
View the full London figures (PDF file) showing the average room rate, occupancy and revpar for the 12 weeks to 29 June >>
Scroll down for previous London performance figures.
STR Global is the new company created by the merger of hospitality research companies Smith Travel Research (STR), Deloitte’s HotelBenchmark and The Bench.
It offers hotel research to clients that include hotel operators, developers, financiers and analysts, providing regular and custom reports covering more than 35,000 hotels in 1,300 global markets.
As well as global hotel performance data, STR Global tracks a variety of Profitability, Pipeline and Census data covering all aspects of the industry.
London hotel performance in June 2008
London hotel performance in 2008
London hotel performance in previous years