London Hotel Performance Jumped During Holiday Season

CoStar Group | January 15, 2024

WASHINGTON – 15 January 2024 – Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. December 2023 (year-over-year % change): Occupancy: 80.5% (+5.7%) Average daily rate (ADR): GBP208.90 (+2.0%) Revenue per available room (RevPAR): GBP168.07 (+7.8%) The ADR and RevPAR levels were the highest for any December on record in the market, while occupancy was the highest for any December since 2018. According to daily d...