Occupancy Softens in London’s Hotels in Q4 2019, Says Hotel Market Tracker

HVS | January 30, 2020

30 January 2020, London: Hotels in London saw RevPAR growth of 0.9% in Q4 2019, to £135.25 compared with the previous year, according to the latest UK Hotel Market Tracker: Q4 2019, produced by HVS London, AlixPartners and STR. Average occupancy for hotels in the capital dropped back slightly in the final quarter of the decade to 84.8%, although average room rates rose 1.9% to £159.53. The UK’s regional hotels saw RevPAR [rooms revenue per available room] fall in the quarter, down 2.7% to £50.73 and occupancy down marginally to 73.6%, while room rates fell by 2.1% to £68.94. “Softening occupancy will be a concern in London, p...