London hotel occupancy remains strong in October

26/11/2009 11:03:36

Latest figures show that the London hotel market recorded its second highest occupancy level of 2009 in October, which could boost hospitality jobs in the capital.

Data from TRI Hospitality Consulting shows that occupancy during the month stood at 85.1 per cent, representing a year-on-year rise of 1.5 percentage points.

It is thought that the lift was caused by an increase in the number of tourists from abroad, attracted to the capital by the weak pound and warmer weather at the beginning of autumn.

The margin of decline in revenue per available room (RevPAR) was reduced to its lowest level since July last year, standing at 3.2 per cent thanks to high occupancy and a year-on-year decrease in average room rates of less than five per cent.

"Although we are dealing with softer comparables in the fourth quarter of 2008, the continued improvements in headline performance in London are encouraging," said Jonathan Langston, managing director at TRI Hospitality Consulting.

Last week, research by Deloitte revealed that London hotels had the highest occupancy rate of any city in Europe during the first nine months of 2009.

Hotel jobs in London

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