The London Daily News

London’s hotels are deifying the tough economic climate and hitting 90% occupancy rates with rising profits.

Room rates rose more than 12% last month to an average £157, bringing in £141 for hoteliers and making them 16% better off than the same time last year.
 
The capitals hotels are also beating Paris, according to a HotStats survey from TRI Hospitality Consulting.

"June is traditionally a strong month for hotels in London, which is led by uplift in price and volume thanks to Wimbledon and complemented by commercial and leisure demand," said TRI.

It said leisure demand remains strong, supported by a 14.4 per cent increase in retail sales by visitors from Western Europe, China and the Middle East.