london hotel market
STR | October 11, 2021
When booking a hotel room, guests are considering more factors than ever in deciding which property to call home in their destination. One of the many considerations is price, and by extension hotel class, which leads us to this latest analysis of occupancy on the books in London. Examining future occupancy levels by class allows for a better understanding of the traveler booking rationale for the upcoming months. Merry Christmas and not such a Happy New Year The short-term outlook for London is positive as summer ends and the industry transitions into the typically slower autumn and winter months. Leading bookings in the short-term are...
STR | July 13, 2021
LONDON — July 13, 2021 — STR’s preliminary June 2021 data for London hotels showed its highest performance levels since the start of the pandemic. Occupancy: 41.0% Average daily rate (ADR): GBP99.78 Revenue per available room (RevPAR): GBP40.96 The absolute occupancy and RevPAR levels were the highest for any month in London since February 2020, while the ADR level was the highest since March 2020. Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020. All of STR’s COVID-19 analysis can be found here....
HVS | November 11, 2015
11 November 2015, London: The march of budget hotels continues in the UK, with over 1,500 budget rooms added to the sector's pipeline in Q3 2015 alone, according to the Hotel Bulletin Q3 2015 published this week by HVS, AlixPartners and AM:PM. For the first time budget bedrooms account for more than half the UK's active hotel development pipeline – with the sector showing no signs of slowing. "The low-cost budget sector continues to be popular with both leisure and corporate guests who appreciate their emphasis on the basic necessities of a decent bed, quality shower, free wifi and a TV. With the development of sub-brands such as ...
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