UK Hotel Occupancy Rises to 63.5% in January, While London Rates Remain Flat at 66.7%
📈 UK hotels saw occupancy rise from 62.8% to 63.5% in January, with London steady at 66.7%. The UK’s average daily rate for rooms increased from £122.24 to £124.48, and London’s from £172.62 to £177.91. RevPAR nationally grew from £76.72 to £79.03. Gross operating profits held at 18.8% in the UK and 23.9% in London. Energy efficiency improved by a third since the pandemic, but rising utility costs and geopolitical tensions pose risks.
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