London received global attention during the Queen’s Diamond Jubilee as the city hosted festivities over four days in the beginning of June for hundreds of thousands well-wishers, who lined up along the Thames River or along the streets between St Paul’s Cathedral and Buckingham Palace. For hoteliers it meant hosting visitors from around the world and the country. Hotels in London saw occupancy reach 90.5 percent on Saturday night (2 June) and benefited from the extended weekend to boost the traditionally low Sunday night with occupancy reaching 79.3 percent (+20.8 percent) according to STR Global, the leading provider of market data to the hotel industry.Continue Reading...
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