Hoteliers in London have recorded their highest RevPAR in a November since 1994, with demand up by 8.5% outstripping supply. An 8.2% increase in RevPAR to £131.78 was the highest absolute RevPAR for a November in London since 1994.
This follows a general rate drop during the third quarter of 2016, when even the capital was hit by a drop of 14% compared with the same period last year.
Outside London, average hotel room rates in major UK cities fell year-on-year, down by 20% in Cardiff, 17% in Edinburgh and 16% in Bristol. Manchester’s rates fell by 10% and Liverpool, offering the cheapest room rate in the UK at £84 a night, fell by 15%.
The fall in prices should continue to make the UK cost-effective for foreign business and leisure travellers.