The year-over-year revenue per available room in London hotels is estimated to have a declined by around 90 percent on average for the second quarter of 2020. Occupancy rates were also expected to be low. The forecast was likely influenced by the uncertainty of the COVID-19 situation and related travel bans.
Forecast change in year-over-year revenue per available room (RevPAR) in London from April to June 2020*
* Forecast as of April 19, 2020. Important dates in the COVID-19 timeline in the UK that may have influenced this forecast: February 12 - First confirmed case of coronavirus in London. March 9 - First confirmed death in London attributed to coronavirus. March 14 - Ban on large gatherings. March 16 - UK prime minister advised against non-essential travel. March 23 - Strict limits on daily life were introduced (lockdown). April 16 - Lockdown restrictions extended for "at least" three additional weeks
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PhoCusWright. (April 28, 2020). Forecast change in year-over-year revenue per available room (RevPAR) in London from April to June 2020* [Graph]. In Statista. Retrieved August 08, 2020, from https://www.statista.com/statistics/1132015/london-change-in-revpar-forecast/
PhoCusWright. "Forecast change in year-over-year revenue per available room (RevPAR) in London from April to June 2020*." Chart. April 28, 2020. Statista. Accessed August 08, 2020. https://www.statista.com/statistics/1132015/london-change-in-revpar-forecast/
PhoCusWright. (2020). Forecast change in year-over-year revenue per available room (RevPAR) in London from April to June 2020*. Statista. Statista Inc.. Accessed: August 08, 2020. https://www.statista.com/statistics/1132015/london-change-in-revpar-forecast/
PhoCusWright. "Forecast Change in Year-over-year Revenue per Available Room (Revpar) in London from April to June 2020*." Statista, Statista Inc., 28 Apr 2020, https://www.statista.com/statistics/1132015/london-change-in-revpar-forecast/
PhoCusWright, Forecast change in year-over-year revenue per available room (RevPAR) in London from April to June 2020* Statista, https://www.statista.com/statistics/1132015/london-change-in-revpar-forecast/ (last visited August 08, 2020)
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