Article Summary:

London's hotel occupancy rose 5% to 81.9% in December, preliminary monthly data from STR shows. ADR increased 6.2% to £156.47 ($201.06) and RevPAR jumped 11.4% to £128.09 ($164.60).

Primary Category: Other Reports

Secondary Categories: Data Dashboard, Europe, News Release

LONDON—STR’s preliminary December 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: +2.3%
• Demand: +7.3%
• Occupancy: +5.0% to 81.9%
• Average daily rate (ADR): +6.2% to GBP156.47
• Revenue per available room (RevPAR): +11.4% to GBP128.09

STR analysts attribute the performance to the holiday season. Daily data shows that New Year’s Eve was the strongest day of the month with RevPAR at GPB219.39 (+17.8%).

STR will release full December results later this month.

Media Contact:

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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