STR Global and the Association of Serviced Apartment Providers (ASAP) report a strong Q2performance for both London and operators in the rest of the UK.
Serviced apartments in London achieved average occupancy of 81.5%, with RevPAR at £126.67 up a healthy 9 percentage points on quarter one.
For the rest of the UK the performance was similarly strong with average occupancy of 77.8% and RevPAR of £65.86, up 12 percentage points on the first quarter.
Reports on key individual cities show Manchester delivered the best occupancy at 80.2% followed by Edinburgh at 77.7%, Liverpool at 77.5% and Birmingham at 68.4%.
James Foice, Managing Director of the ASAP commented:
“We are delighted to report such strong occupancy right across the UK for quarter two proving that the demand for our product continues to go from strength to strength. 2014 is shaping up to be an excellent year for our sector.”
The Association of Serviced Apartment Providers (ASAP) has a membership of 73 Serviced Apartment Operators and agents right across the UK and Ireland representing in excess of 13,000 apartments.
www.theasap.org.uk
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