London Hotels Report Occupancy Decline for May 2019

House of parliament in London
London Hotels Report Occupancy Decline for May 2019

London hotel occupancy dipped 0.6% to 82%, according to preliminary May data from STR. ADR, however rose 1.6% to £147.76 ($188.23), which drove RevPAR up 1% to £121.17 ($154.36).

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 in occupancy was due to supply outgrowing demand. STR analysts note the ADR increase was primarily due to the Chelsea Flower Show (21-25 May), which pushed the metric to its peak for the month (GBP182.33) on the first day of the event.

STR will release full May results later this month.

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