STR: London Hotel Performance Drops Amid Growing COVID-19 Concerns

STR | March 16, 2020

16 March 2020 - LONDON— STR’s preliminary data for hotels in London shows slightly negative performance in February 2020 that worsened into double-digit declines during the first week of March. February preliminary data (compared with February 2019): Occupancy: -2.3% to 76.3% Average daily rate (ADR): +0.3% to GBP133.57 Revenue per available room (RevPAR): -2.1% to GBP101.91 1-8 March preliminary data (compared with corresponding week in 2019): Occupancy: -21.0% to 65.5% ADR: -8.5% to GPB128.39 RevPAR: -27.7% to GPB84.14 As concerns have grown around the COVID-19 outbreak, STR analysts note that London daily...