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.
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. Forecast change in year-over-year revenue per available room (RevPAR) in London from April to June 2020*
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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, 2022, 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, 2022. 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, 2022. 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, 2022)