Market Reports

London Hotels Report Strong RevPAR Growth for September

In September, London hotel occupancy change was mostly flat (-0.1% to 86.9%), but a 7.9% ADR increase to £170.63 ($215.27) drove RevPAR up 7.7% to £148.33 ($187.14).
House of parliament in London
London Hotels Report Strong RevPAR Growth for September

STR

STR’s preliminary September 2019 data for London indicates high performance helped by a busy events calendar.

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

• Supply: +1.9%
• Demand: +1.8%
• Occupancy: -0.1% to 86.9%
• Average daily rate (ADR): +7.9% to GBP170.63
• Revenue per available room (RevPAR): +7.7% to GBP148.33

The absolute ADR and RevPAR levels are the highest for any September in STR’s London database. STR analysts note that despite the slight drop in occupancy, ADR levels were boosted by a number of events held during the month: the 73rd Congress of the International Fiscal Association (8-12 September), PLASA Show (15-17 September) and Sibos 2019 (23-26 September).

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