What Top-Performing Destinations Are Doing Differently – And Why It Matters
The meetings and events industry has changed dramatically over the last few years. Destinations are no longer judged purely on hotel capacity, conference centres, or...
London hotel occupancy drops by 0.6% in May
New hotel openings resulted in a slight decline in hotel occupancy rates in London during May, according to new figures from data company STR.
The supply of hotel rooms increased by 1.8% alongside a 1.2% increase in demand, resulting in a 0.6% fall in occupancy to 82%.
The Chelsea Flower Show from 21 to 25 May helped drive up average daily rate (ADR) by 1.6% to £147.76, with the first day of the show recording ADR of £182.33.
Revenue per available room increased by 1% to £121.17.
STR will release its full results of the performance of London hotels during May later this month.
