STR: London Hotel Performance Dipped in August

STR | September 15, 2022

LONDON—Aligned with seasonal patterns, London’s hotel performance came in lower than the peak seen during the previous month, according to preliminary August 2022 data from STR. Occupancy: 77.1% Average daily rate (ADR): GBP179.49 Revenue per available room (RevPAR): GBP138.37 Despite the decrease from July, both the ADR and RevPAR levels remained well above pre-pandemic comparables at +19.4% and +6.9%, respectively. Occupancy was 10.5% below August 2019, which was a steeper decline than the month prior. When looking at daily data, Saturdays showed the highest occupancy, including a level of 87.2% on 13 August. More...