London hotels boosted revenue per available room (revpar) by 32.65% in the week ending 20 July, according to figures from hospitality research company STR Global.
Revpar increased to £150.37, up from £113.36 during the equivalent week of 2007.
Occupancy was virtually static, growing by just 0.08 percentage points to 87.23% but average room rate soared by 32.53% to £172.40 compared with £130.08 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 20 July >>
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 July 2008
The week ending 13 July 2008 >>
The week ending 6 July, 2008 >>
London hotel performance in 2008
The week ending 29 June, 2008 >>
The week ending 25 May 2008 >>
The week ending 27 April 2008 >>
The week ending 30 March 2008 >>
The week ending 24 February 2008 >>
The week ending 27 January 2008 >>
London hotel performance in previous years
The week ending 30 December 2007 >>
The week ending 31 December 2006 >>
The week ending 11 December 2005 >>
Source: STR Global