STR: London Hotels Post Record-Breaking Room Rates

STR | July 13, 2022

LONDON—London’s hotel industry reported its highest monthly room rates on record, according to preliminary June 2022 data from STR. Occupancy: 83.1% Average daily rate (ADR): GBP209.00 Revenue per available room (RevPAR): GBP173.60 The absolute ADR and RevPAR levels were the highest for any month in STR’s London database. The absolute occupancy level was the highest in London since July 2019 but still came in 7.3% lower than the pre-pandemic comparable (June 2019). All of STR’s COVID-19 analysis can be found here....