STR: Preliminary August data for London hotels

STR: Preliminary August data for London hotels

CoStar Group

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
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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.

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