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London hotels see numbers drop as pound strengthens

Hotel occupancy levels fell in December as the Brexit effect wears off

Pictured: London hotel occupancy fell in December

The Brexit effect is wearing off on London’s hotels, as occupancy levels fell in December.

Data released by analysts STR shows that occupancy of London’s hotels fell 2.7 per cent to 77.9 per cent last month. The drop was blamed on the pound which is now growing against other currencies having originally taken a sharp drop of value after the Brexit vote and so driving overseas visitor numbers.

The fall in occupancy occurred as supply grew by 3.1 per cent while demand was marginally up by 0.3 per cent. Meanwhile, the average daily rate grew by 0.4 per cent to £148.85.

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