LONDON – London’s hotel room rates came in higher than the pre-pandemic comparable, according to preliminary August 2022 data from STR.Â
- Occupancy: 77.1%
- Average daily rate (ADR): GBP179.49
- Revenue per available room (RevPAR): GBP138.37
Following seasonal patterns, each of the key performance metrics fell from July. Both the ADR and RevPAR levels, however, surpassed the pre-pandemic comparable, +19.4% and +6.9%, respectively. Occupancy remained 10.5% below August 2019.
When looking at daily data, the market’s occupancy levels were above 60%, with Saturdays showing the highest levels in the metric. The highest daily occupancy for the month was seen on 13 August (87.2%). Â
All of STR’s COVID-19 analysis can be found here.