Occupancy rates of hotels in London were hit hard in 2020 and 2021 as a result of the coronavirus (COVID-19) pandemic. The first year of the pandemic, 2020, saw an average occupancy of 37 percent, meanwhile, 2021 saw a slight growth in occupancy at 46.1 percent. This shows a significant decline when compared to 2019's occupancy rate of 83 percent. When looking at the occupancy outlook for London hotels, predictions do not reach pre-pandemic levels, however, 2022 and 2023 are both forecast to see growth, reaching occupancy rates of over 70 percent in both the harsh and mild winter estimates.
Annual hotel occupancy rate in London (UK) from 2019 to 2021, with a forecast to 2023
Characteristic
Average
Harsh winter
Mild winter
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PwC. (November 7, 2022). Annual hotel occupancy rate in London (UK) from 2019 to 2021, with a forecast to 2023 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/323719/annual-hotel-occupancy-rate-in-london-uk/
PwC. "Annual hotel occupancy rate in London (UK) from 2019 to 2021, with a forecast to 2023." Chart. November 7, 2022. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/323719/annual-hotel-occupancy-rate-in-london-uk/
PwC. (2022). Annual hotel occupancy rate in London (UK) from 2019 to 2021, with a forecast to 2023. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/323719/annual-hotel-occupancy-rate-in-london-uk/
PwC. "Annual Hotel Occupancy Rate in London (Uk) from 2019 to 2021, with a Forecast to 2023." Statista, Statista Inc., 7 Nov 2022, https://www.statista.com/statistics/323719/annual-hotel-occupancy-rate-in-london-uk/
PwC, Annual hotel occupancy rate in London (UK) from 2019 to 2021, with a forecast to 2023 Statista, https://www.statista.com/statistics/323719/annual-hotel-occupancy-rate-in-london-uk/ (last visited July 27, 2024)
Annual hotel occupancy rate in London (UK) from 2019 to 2021, with a forecast to 2023 [Graph], PwC, November 7, 2022. [Online]. Available: https://www.statista.com/statistics/323719/annual-hotel-occupancy-rate-in-london-uk/