- increases in supply (+3.3 percent) and demand (+4.1 percent);
- a 0.8-percent increase in occupancy to 85.0 percent;
- a 10.8-percent decrease in average daily rate to GBP125.91; and
- a 10.1-percent decrease in revenue per available room to GBP107.04.
London’s occupancy level reached 85.0 percent with events such as the HSBC Sevens World Series and the RHS Chelsea Flower Show providing a slight impact.
STR Global will release May 2015 results in two weeks. The June edition of the STR Global Hotel Market Forecast is now available.