London Hotels Report 15.7 Percent RevPAR Increase for June 2019

House of parliament in London
London Hotels Report 15.7 percent RevPAR Increase for June 2019

Preliminary June data from STR shows London hotel occupancy rose 4% to 89.8%, ADR increased 11.3% to £178.20 ($223.35) and RevPAR jumped 15.7% to £159.95 ($200.48).

STR’s preliminary June 2019 data for London indicates strong performance levels.

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

• Supply: +1.7%
• Demand: +5.7%
• Occupancy: +4.0% to 89.76%
• Average daily rate (ADR): +11.3% to GBP178.20
• Revenue per available room (RevPAR): +15.7% to GBP159.95

The ADR and RevPAR levels are the highest for a June in STR’s London database. STR analysts note that multiple events contributed to higher ADR levels: the European Association of Geoscientists & Engineers Conference (3-6 June), IFSEC International (18-20 June) and Global Offshore Wind 2019 (25-26 June).

STR will release full June 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.