The results are in for London! We now have 9 hotels that have year to year data in London, and as Conference Season ramps up into full swing, I thought it would be interesting to share how these 9 hotels did in the first proper month back after the summer holidays:
RevPAS - Up 9.59% overall to £14.76 ( Interestingly up 17.78% during the midweek, and down -22.15% at the weekend)
RevPOS - Up 21.06% overall to £29.67
RevPD - Up 10% overall to £92.40
Occupancy M2 - Down 9.27% overall to 49.76%
Occupancy Meeting Rooms - Down -2.56% to 47.35%
It is great to see that even though business levels are down slightly (a 10% decline in occupancy of M2) - revenue growth is up 10%!
For your interest the total Conference revenue Generated by these 9 hotels in the month of September is a little over £5million! Roll on The Conference Season - lets see how October and November do - will they confirm the resurgence of The London Conference Market? for more info on sample size etc, please comment below, or e-mail info@jwbench.com
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