Day delegate rates at conference and meeting venues across London are creeping upwards – but at a snail’s pace, new research has found.

Venue finding portal The Event Wall found the average DDR had risen from £51 to just over £53 in the last 15 months after studying a sample of 1,400 proposals received from venues between July 2010 and October 2012.

Matthew Oliver, director of The Event Wall, said: “We are seeing a slow but steady rise in venue rates as confidence builds. However the recovery is still not keeping up with the rate of inflation showing that published rates are being heavily discounted in order to win business and meet the demands of cost conscious buyers.”

The data was collected from The Event Wall’s online proposal system which allows clients to post a venue enquiry and then view, compare and manage the proposals received.

Oliver added: “With the country officially entering a second recession we are likely to see this steady increase maintain at best. 2012 rates have benefited from the Olympic effect, so it will be interesting to see if 2013 brings any increases at all.”