Market Reports

London Hotels Report Slightly Lower Occupancy but Higher Rates for November

According to preliminary November data from STR, London's hotel occupancy dipped 0.4% to 85.8%, ADR rose 1.6% to £158.94 ($209.18) and RevPAR increased 1.3% to £136.43 ($179.55).
Canary Wharf, London, United Kingdom - Photo by Claus Grnstudl on Unsplash
London Hotels Report Slightly Lower Occupancy but Higher Rates for November

STR

STR’s preliminary November 2019 data for hotels in London indicates slightly lower occupancy but higher rates.

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

• Supply: +2.1%
• Demand: +1.8%
• Occupancy: -0.4% to 85.8%
• Average daily rate (ADR): +1.6% to GBP158.94
• Revenue per available room (RevPAR): +1.3% to GBP136.43

The absolute ADR and RevPAR levels are the highest for any November in STR’s London database. STR analysts note that the CBI Annual Conference (18 November) helped performance, with RevPAR increasing 20.2% on the day of the event.

STR will release full November 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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