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.