London hotels reported occupancy rose 2.2% to 86.1% in June, according to preliminary STR monthly data. While ADR dipped 0.6% to £160.84 ($213.06), RevPAR increased 1.6% to £138.46 ($183.42).
In recent years the number of people visiting cities has risen dramatically, whether because of cruise tourism, the sharing economy or low-cost airlines. In some cases these increases have been so massive that residents have formed groups to stem this influx.
Ahead of this years 4th annual Mediterranean Resort & Hotel Real Estate Forum (MR&H), Thanos Papasavvas CFA, Founder & CIO, ABP Invest, delivers an in-depth analysis on the issues and opportunities available to investors looking at non-performing loans in Europes hospitality sector.
Preliminary August data from STR shows London hotels saw a 5.6% occupancy increase to 86.8%, a 2.5% ADR increase to £145.45 ($189.23) and a 8.2% RevPAR increase to £126.29 ($164.30).