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Hotels in London Report Increase in ADR, OR and RevPAR for November 2014

Home Search Send to Friend Latest Travel News Asia Thursday, 11 December 2014
 

According to STR Globals preliminary November 2014 data, hotels in London reported positive results with:

- Increases in supply (3.1 percent) and demand (4.4%);
- 1.3% increase in occupancy to 84.4%;
- 2.0% increase in ADR to 147.41; and
- 3.3% increase in RevPAR to 125.08.

Demand growth picked up in November, showing the fastest increase in this measure of any month in 2014 so far, said Elizabeth Winkle, managing director of STR Global. Our RevPAR forecast for 2015 remains positive in anticipation of the Rugby World Cup towards the end of the year [18/9-31/10] and due to the confidence in a growing U.K. as well as European economy in the coming years.

A 3.0% increase in RevPAR is expected in 2015.

See other recent news regarding: Interviews, Pictures, Videos, STR, ADR, RevPAR, London

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