The first six months of 2017 produced the UK hotel industry’s highest occupancy, average daily rate (ADR) and revenue per available room (RevPAR) for any first half on record, according to data from STR.

Compared with the first six months of 2016, the UK recorded a 1.7% increase in occupancy to an actual level of 75.1%, a 4.7% increase in ADR to £89.33 and a 6.5% increase in RevPAR to £67.12.

STR analysts note that the devaluation in the pound sterling following the June 2016 Brexit vote has resulted in strong tourism growth for the UK, which has in turn benefitted the country’s hotel sector.

According to recent figures published by VisitBritain, total visits to the UK were up 9% from January to May 2017. While arrivals from Europe were up just 5% during the first five months of the year, arrivals from North America increased 22%, and visits from the rest of the world were up 25%.

VisitBritain’s findings also show that visitor spending increased 14% for the January to May period, indicating that many travelers are taking advantage of the more favorable currency exchange rate.

This aligns with the country’s hotel rate growth, which was particularly high in London, up 6.2% to £143.57 in H1. The UK capital continues to post performance growth, despite experiencing terror attacks in March and June.

(source: STR)