Hotel rates in London on the rise

Hotels in London saw revenue per available room – a key industry measure – rise out of the red during the final quarter of 2009, up 5.5 per cent to £110, according to professional services firm Deloitte. Occupancy was the key driver of growth in the capital, up 5.8 per cent to 82.9 per cent. Marvin Rust, hospitality managing partner at Deloitte, said: “With sterling still weak against a basket of currencies, London seems set to continue on a fast track to recovery.”