London hotel occupancy rates on the increase

London hotels enjoyed the second highest occupancy levels of 2009 in October, according to the latest survey from TRI Hospitality Consulting.

TRI Hospitality Consulting Hot Stats survey
TRI Hospitality Consulting Hot Stats survey

London hotels enjoyed the second highest occupancy levels of 2009 in October, according to the latest survey from TRI Hospitality Consulting.

Hotel ccupancy last month was reported as 85.1%, which was 1.5% up on October 2008. This helped reduce the decline in revenue per available room (Revpar) in the city to 3.2%, which is the smallest drop since July 2008.

Elsewhere in the UK, room occupancy fell from 75.7% in September to 73.6% in October, while year-on-year average room rates were 7.6% down.

TRI said the rate reduction was mainly due to the continuing decline in the number of high-yielding business travellers to the UK. The firm quoted Visit Britain's international passenger survey, which showed in-bound business travel was 23% down in the nine months up to September.

 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How to stop fake news ruining your event

How to stop fake news ruining your event

False information travels much quicker than the truth so make sure you're ready to act fast, says expert at IBTM World in Barcelona.

Tips for succeeding in a crisis from Thailand cave rescue diver

Tips for succeeding in a crisis from Thailand cave rescue diver

British cave diver involved in the 2018 Tham Luang rescue explains how he solves problems in steps and stays calm under pressure.

4 days left to answer our corporate event planner survey and win a luxury hotel stay

4 days left to answer our corporate event planner survey and win a luxury hotel stay

Complete our quick 10-minute survey to win a stay for two with Iconic Luxury Hotels and inform our State of the Industry report.

SDI Meetings and Incentives appoints new president

SDI Meetings and Incentives appoints new president

Chicago-based agency makes leadership change but former president will continue in role as company founder.

8 essential steps for event marketing

8 essential steps for event marketing

Delegates at IBTM World in Barcelona got some tips from MPI to create a smart promotional strategy.

The unstoppable growth of esports events

The unstoppable growth of esports events

CEO of Excel Esports explains why the audience for gaming and esports events is only getting bigger.

New head of live events for HGA

New head of live events for HGA

Manchester-based events agency makes several appointments after a year of record revenue.

IBTM World Trends Watch 2020: 'The changing face of delegates'

IBTM World Trends Watch 2020: 'The changing face of delegates'

Report identifies global MICE trends in areas such as technology, sustainability and incentive travel.

In pictures: Villa Copenhagen opening in 2020

In pictures: Villa Copenhagen opening in 2020

Central post office built in 1912 has been restored to house the new 390-room hotel that can host events for 1,200 attendees.

Strata brings in a dozen new recruits

Strata brings in a dozen new recruits

Agency hires 12 people across all departments, including client services director Laura Awcock.

LATEST JOBS