London resort RevPAR highest since October 2022
London’s resort business reported its highest income per out there room (RevPAR) since October 2022, based on preliminary
Could 2023 information from STR.
Could 2023 (year-over-year % change)
- Occupancy: 80.5% (+3.5%)
- Common every day charge (ADR): GBP204.52 (+18.9%)
- Income per out there room (RevPAR): GBP164.54 (+23.1%)
Could was the primary month this yr with the market’s ADR above GBP200. As well as, the occupancy degree was London’s highest since November 2022.
London’s occupancy peaked on 23 and 27 Could (92.5%), which was one of many three financial institution vacation weekends within the U.Okay., resulting in prolonged trip journey. The market additionally noticed three consecutive days of occupancy above 90% (16-18 Could), which coincided with the one full enterprise week through the month.
The market’s every day occupancy ranges remained above 60% all through the month with solely in the future falling under that mark (8 Could, at 57.7%).
