London hotels saw revenue per available room (revpar) drop by 2.24% in the week ending 24 August, according to figures from hospitality research company STR Global.
Revpar fell to £101.48, up from £103.73 during the equivalent week of 2007.
Occupancy decreased by 4.48 percentage points to 81.41% while average room rate increased by 3.22% to £124.66 compared with £120.78 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 24 August >>
Scroll down for previous London performance figures.
STR Global was 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 August 2008
The week ending 17 August, 2008 >>
The week ending 10 August, 2008 >>
The week ending 3 August, 2008 >>
London hotel performance in 2008
The week ending 27 July, 2008 >>
The week ending 29 June, 2008 >>
London hotel performance in previous years