Market Reports

London Hotels Reported Lower Occupancy but Significant Overall Performance for August

According to preliminary August data, London hotel occupancy dipped 0.3% to 86.7%, ADR rose 4.8% to 151.58 ($188.77) and RevPAR increased 4.5% to 131.39 ($163.62).
House of parliament in London
London Hotels Reported Lower Occupancy but Significant Overall Performance for August

STR

STR’s preliminary August 2019 data for London indicates lower occupancy but significant overall performance.

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

• Supply: +1.5%
• Demand: +1.2%
• Occupancy: -0.3% to 86.7%
• Average daily rate (ADR): +4.8% to GBP151.58
• Revenue per available room (RevPAR): +4.5% to GBP131.39

The absolute RevPAR level is the highest for any August in STR’s London database. STR analysts note that although there was a slight decline in occupancy, London saw 11 nights above 90% in the metric, which could be due to the devaluation of the pound attracting international visitors to the market.

STR will release full August 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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