Based on daily data from September, London reported:
- increases in supply (+1.7%) and demand (+1.6%);
- a 0.1% decrease in occupancy to 89.2%;
- a 6.5% increase in average daily rate to GBP163.94; and
- a 6.5% increase in revenue per available room to GBP146.29.
Performance in London was driven mainly by the Rugby World Cup, which began on 18 September and will run through the end of October. Year-over-year RevPAR growth in the market moved into double figures on 16 September and remained in double figures for the duration of the month.
STR Global will release September 2015 results during the week of 26 October. The August edition of the STR Global Hotel Market Forecast is now available.