London hotel occupancy rose 2.5% to 85.9% in November, according to preliminary data from STR. ADR rose 3% to £156.94 ($198), which drove RevPAR up 5.6% to £134.85 ($170.13).
STR’s preliminary November 2018 data for London, England, indicates higher performance levels.
Based on daily data from the month, London reported the following in year-over-year comparisons:
- Supply: +2.0%
- Demand: +4.6%
- Occupancy: +2.5% to 85.9%
- Average daily rate (ADR): +3.0% to GBP156.94
- Revenue per available room (RevPAR): +5.6% to GBP134.85
STR analysts note that performance was helped by World Travel Market London (5-7 November) and the Nitto ATP Finals (11-18 November). The absolute occupancy level ranks among the highest for any November in the U.K. capital.
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.