STR: Preliminary January data for London hotels
 
STR: Preliminary January data for London hotels
12 FEBRUARY 2018 10:46 AM

Preliminary January data from STR shows London hotels reported occupancy decreased 0.9% to 69.8%, ADR rose 1.3% to £129.23 ($178.44) and RevPAR increased 0.3% to £90.21 ($124.56).

LONDON—STR’s preliminary January 2018 data for London, England, indicates nearly flat overall performance.

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

  • Supply: +3.0%
  • Demand: +2.0%
  • Occupancy: -0.9% to 69.8%
  • Average daily rate (ADR): +1.3% to GBP129.23
  • Revenue per available room (RevPAR): +0.3% to GBP90.21

STR analysts note that January was much like previous months in London. Even with a lift in demand (room nights sold) during a historically slow month, occupancy comparisons were lower due to strong supply (room nights available) growth. However, ADR increased year over year for the 15th consecutive month.

STR will release full January results later this month. The January edition of STR’s market forecast is now available.

Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

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

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