London hotels: change in RevPAR forecast 2020

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*

Characteristic	Change in RevPAR forecast
June 2020	-86.2%
May 2020	-90.1%
April 2020	-93.9%

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Release date

April 2020

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Region

United Kingdom

Survey time period

April 19, 2020

Supplementary notes

* 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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