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.
STR Global is a new company formed from the merger of leading hospitality research firms Smith Travel Research (STR), Deloitte’s HotelBenchmark and The Bench.
London hotel performance in the 12 weeks to 24 August 2008 >>
West Midland hotel performance in the year to January 2008 >>
By Angela Frewin