Member Article

London hotel occupancy rates hit 20-year high

Hotels in London are benefitting from several major planned sporting events as occupancy rates are forecast to hit their highest for two decades.

According to research carried out by PwC, occupancy rates in the capital are expected to reach 84.3%, with an additional 6,430 net new rooms set to open in London, taking the total supply to more than 136,000.

The strong demand is helping to boost revenue per room, which is expected to grow at more than 4.5% a year.

Despite popular belief, the capital is not the most expensive European city in terms of cost per room.

The most expensive city based on average daily room rate is Paris at €257 (£187), followed by Geneva at €232 and Zurich at €193. London follows with €182.

Rome averages €143, after which come Milan (€131) and Amsterdam (€125).

London’s hotel boom is a reflection of the high-profile sporting events lined up in the near future, with the rugby World Cup alone set to bring thousands of visitors in.

Cities with the most active room pipelines after London are Manchester, Edinburgh, Birmingham, Aberdeen, Glasgow, Newcastle, Liverpool, Cambridge and Bath.

This was posted in Bdaily's Members' News section by Ellen Forster .