London hotels have avoided the traditional post-Olympic slump, having seen a rise in both occupancy levels and revenues in September.
Across the rest of the country, occupancy levels also rose in September, largely due to an increase in leisure-based demand, although a 3.1% drop in average room rate meant there was no growth in revenue.
Latest figures from HotStats show that in London occupancy levels increased 3.1 percentage points in September to 89.4%. The average room rate fell 3.2% to £137.26, but total revenue per available room went up 1.3%, underpinned by a 19% rise in non-room revenue.
"Whilst there were rumours of a potential post-Olympic slump as experienced in previous host cities, London hoteliers have responded with the strongest September occupancy performance recorded since HotStats began capturing data for the London full-service hotel market," said Jonathan Langston, managing director at TRI, the company responsible for collecting the data.en savoir plus