It’s a record - London hoteliers achieve a room occupancy of 92.4% in July 2011 — Photo by HotStats Limited

With one year to go until London welcomes athletes to the 2012 Olympic Games, hoteliers in the capital have been breaking records of their own this month as room occupancy levels reached an extraordinary 92.4%, according to TRI Hospitality Consulting's latest HotStats survey of approximately 550 full-service hotels across the UK. Not only did hoteliers in London successfully achieve a 0.6 percentage point year-on-year increase in room occupancy following the staggering 91.8% achieved during the same period in 2010, but room rates also soared. At £148.65 the achieved average room rate for the month is the highest recorded. This is 0.6% above the previous high, which was achieved last month.

About HotStats

HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 different brands and independent hotels. HotStats provides more than 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales and departmental and total hotel profitability.

Jonathan N. Langston
Managing Director
HotStats Limited