Skip to main content

London hotels see numbers drop as pound strengthens

London
Edward Robertson
12 January 2018

The Brexit effect is wearing off on London’s hotels as occupancy levels fell in December.

London skyline night

Data released by analysts STR shows that occupancy of London’s hotels fell 2.7% to 77.9% last month.

The drop was blamed on the pound which is now growing against other currencies having originally taken a sharp drop of value after the Brexit vote and so driving overseas visitor numbers.

The fall in occupancy occurred as supply grew by 3.1% while demand was marginally up by 0.3%.

Meanwhile, revenue per available room fell by 2.3% to £115.99 despite the average daily rate growing by 0.4% to £148.85.