Feature: Capital health check: Is London really sick?

Arthur Andersen Preliminary numbers for London from the Andersen Hotel Industry Benchmark Survey initially indicate that the industry turned in a poor performance in July. Average room rates fell 12 percent to 112. This is the first month that average room rates have declined this year. Demand also continued to fall in July with occupancy down five percent to 84 percent. However, this performance is not all bad news for the industry.
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