London hotel rates reach new monthly record

London resort charges reached their highest ever degree in June at greater than £200 because the resurgence in journey gained extra momentum.

Figures from resort knowledge specialist STR discovered that the common each day price (ADR) for properties within the UK capital reached £209 – this was highest month-to-month room price on document for London in STR’s database.

London accommodations additionally achieved record-breaking revpar (income per obtainable room) final month at £173.60, as occupancy within the metropolis climbed to 83.1 per cent, which is the best degree since July 2019.

However STR identified that resort occupancy in London was nonetheless 7.3 share factors decrease than recorded in June 2019.

London, alongside different main European locations resembling Paris, has seen a surge in demand in current months with London’s ADR approaching pre-pandemic levels by February 2022 once they had been at £130.70.