Find the right hotel
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com
London Hotels Add 8.9% in Revenues in October
STR Global has published its traditional data regarding hotels in London. As it’s clear from the report, hotels in the UK capital managed to add 8.9% to revenue per available room (RevPAR) in October 2013.
Increases in supply and demand estimated 1.7% and 2.4% respectively. Occupancy added 0.8% and estimated 88.3% in total. The average daily rate added tremendous 8% to GBP153.22 in total, and the growth of revenue per available room estimated 8.9% to GBP135.35. An interesting fact – occupancy of London hotels was above 85% during 25 days of 31 days in October.
Experts in STR Global mention that the position of London remains very good and rather stable. After really strong September that can safely be called fabulous, October features decent continuation of that trend. Last month, the occupancy in London hotels was the highest within the last two decades. Moreover, the first month of the last quarter of 2013 also posted best RevPAR gain of the year.
STR Global is a famous organization with clients from all spheres – hotel operators and developers, analysts, hotel suppliers, and financers. The company provides both regular and custom reports concerning markets of Asia Pacific, Europe, South America and the Middle East.
Previous article / Back to news index
Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, reports, and news about hotel business trends on OrangeSmile.com.
