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London, UK hotel market forecasted to have growth in 2013

Posted on 18 January 2013

According to STR Global and Tourism Economics, London and the overall UK region’s hotel market is expected to enjoy both positive supply and demand growth in 2013.
Supply in London is projected to increase by 3.5 percent, while demand will grow by 2.9 percent. The excess supply is forecasted to lead to an occupancy decrease of -0.5 percent in 2013. Revenue per available room (RevPAR) is expected to decline by -1.6 percent, primarily driven by a decrease in average daily rate (ADR) of -1.1 percent to GBP139.13………………………………………..Full Article: Source


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