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The benefits of a weak pound are becoming clear in the leisure sector as tourists flock to the UK’s Capital. The London hotel market at the start of 2017 saw its highest occupancy level for a January month since 2008, according to hotel data expert STR. Occupancy increased by 5.8% year-on-year to 70.5%.
Average daily rate increased by a similar level to £127.84, which is the highest for a January period since 1994.
Companies on the UK stock market with a presence in the London hotels industry include Whitbread (WTB), Millennium & Copthorne Hotels (MLC) and PPHE Hotel (PPH).
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