Image result for London hotel sector reports strong gains in MarchImage result for London hotel sector reports strong gains in March

London’s hotel sector reported strong growth in March, with occupancy up 5.7% and the average daily rate (ADR) up 8%.

Based on daily data supplied by STR, London reported the following in year-over-year comparisons:

Supply: +2.8%

Demand: +8.7%

Occupancy: +5.7% to 80.5%

Average daily rate (ADR): +8.0% to GBP140.65

Revenue per available room (RevPAR): +14.2% to GBP113.27

STR analysts attribute the performance growth, in part, to a favourable calendar shift caused by a later Easter in 2017. The opposite will occur in April.
Additionally, airport hotels have seen an uptick in demand, indicating an increase in inbound tourism as a result of the pound devaluation.
As reported by STR last week, there was no performance disruption for London’s hotel industry following the Westminster attack on 22 March.

[Source:- traveldailymedia]

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