Hotels in London Report Highest RevPAR Since
According to preliminary data from STR, London’s
hotel industry reported its highest revenue per available room
(RevPAR) since October 2022 in May 2023.
During the month of May 2023, hotels in London
reported average occupancies of 80.5%, a year-on-year increase of
3.5%; average daily rate (ADR) was GBP 204.52, a y-o-y jump of
18.9%; and RevPAR was GBP 164.54, a growth of 23.1% y-o-y.