PwC's latest UK Hotels Forecast Update shows that London should still boast high occupancy levels but as high room supply levels impact, occupancy growth this year will be marginal at 0.3%.

Average Daily Rate (ADR) is forecast to continue to see growth with an uplift of 1.4% in London for the next two years taking ADR up £2 to £151 in 2019 and £153 in 2020. Gains in ADR will drive Revenue per available room (RevPAR) growth by 1.7% in 2019, taking RevPAR to £126. In 2020, growth is anticipated to see a further 1.4% rise, taking RevPAR to £128.