Market Reports

London Hotels Report 13.4 Percent RevPAR for October 2018

London hotel occupancy increased 6.7% to 89.1% in October, preliminary monthly data from STR shows. ADR climbed 6.2% to 160.13 ($206.45) and RevPAR jumped 13.4% to 142.73 ($184.02).
House of parliament in London
London Hotels Report 13.4 Percent RevPAR for October 2018

STR

STR’s preliminary October 2018 data for London, England, indicates significant performance levels and growth.

Based on daily data from the month, London reported the following in year-over-year comparisons:

• Supply: +1.7%
• Demand: +8.5%
• Occupancy: +6.7% to 89.1%
• Average daily rate (ADR): +6.2% to GBP160.13
• Revenue per available room (RevPAR): +13.4% to GBP142.73

The absolute occupancy and RevPAR levels were the highest for any October in STR’s London database. STR analysts believe that three consecutive weeks with NFL games at Wembley Stadium contributed to London’s October performance.

STR will release full October results later this month.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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