London Hotel Occupancy
STR: London Hotel Performance Improved in February
STR | March 14, 2022
LONDON — March 14, 2022 — London’s hotel industry reported month-over-month performance improvement, according to preliminary February 2022 data from STR. Occupancy: 58.8% Average daily rate (ADR): GBP130.79 Revenue per available room (RevPAR): GBP76.88 The occupancy level was the highest in the market since November 2021 but still 25% below the pre-pandemic comparable from 2019. ADR, on the other hand, was just 1.6% lower than February 2019. Daily data shows that London’s performance improved especially on weekends, with 26 February producing the highest performance levels for the month: occupancy (80.8%),...
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....
London Shows Highest Hotel Performance Since Start of the Pandemic
STR | September 13, 2021
LONDON — September 13, 2021 — STR’s preliminary August 2021 data showed London with its highest hotel performance levels since the start of the pandemic. Occupancy: 56.8% Average daily rate (ADR): GBP112.58 Revenue per available room (RevPAR): GBP63.97 The absolute occupancy and RevPAR levels were the highest in the market since February 2020, while the ADR level was the highest since March 2020. At the same time, performance remained well below the pre-pandemic comparables from August 2019: occupancy (86.2%), ADR (GBP150.39) and RevPAR (GBP129.59). All of STR’s COVID-19 analysis can be found ...
London Short-Term Rentals Show Lower Performance Levels in June
STR | July 27, 2021
LONDON — July 27, 2021 — London’s short-term rental industry recorded slightly lower performance levels from the previous month, according to June 2021 data from STR. June occupancy for the sector was 61.9%, which represented a 2.7% decrease from May (63.6%). Short-term rental occupancy was significantly higher than the 40.6% recorded by hotels in London. Hotel occupancy, however, was up 32.4% month over month. Short-term rental average daily rate (ADR) reached GBP118.86, a 6.7% decline from May (GBP127.41). Revenue per available room (RevPAR) for the sector fell 9.2% to GBP73.63. STR, the leader in global hospitality benchmark...
