London hotel industry
STR: London Hotel Occupancy Fell in December Amid Latest COVID Concerns
STR | January 11, 2022
LONDON — January 11, 2022 — Amid increased COVID-19 cases, London’s hotel industry reported lower occupancy but higher room rates, according to preliminary December 2021 data from STR. Occupancy: 53.4% Average daily rate (ADR): GBP153.63 Revenue per available room (RevPAR): GBP82.08 The occupancy level was the lowest in the market since July 2021. A month earlier in November, London’s 66.3% occupancy level was the highest in the market since February 2020 (76.1%). The December ADR level, however, was the market’s highest since December 2019. When looking at daily data, London’s hotel occupancy came in at 53.2% on ...
STR: London Hotel Performance Reached Pandemic-Era Highs in October
STR | November 15, 2021
LONDON — November 15, 2021 — London’s hotel industry reported its highest performance levels of the pandemic-era, according to preliminary October 2021 data from STR. Occupancy: 65.4% Average daily rate (ADR): GBP145.63 Revenue per available room (RevPAR): GBP95.22 Each of the three key performance metrics were the highest for any month since February 2020. Even with the overall improvement, London’s performance remained well below the pre-pandemic comparables from October 2019: occupancy (87.4%), ADR (GBP160.19) and RevPAR (GBP139.98). All of STR’s COVID-19 analysis can be found here....
