STR: Preliminary May data for London hotels
STR’s preliminary May 2019 data for London indicates higher room rates. Based on daily data from the month, London reported the following in year-over-year comparisons: • Supply: +1.8% • Demand: +1.2% • Occupancy: -0.6% to 82.0% • Average daily rate (ADR): +1.6% to GBP147.76 • Revenue per available room (RevPAR): +1.0% to GBP121.17 The decline […]
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