STR: Preliminary August data for London hotels
 
STR: Preliminary August data for London hotels
12 SEPTEMBER 2018 7:48 AM

Preliminary August data from STR shows London hotels saw a 5.6% occupancy increase to 86.8%, a 2.5% ADR increase to £145.45 ($189.23) and a 8.2% RevPAR increase to £126.29 ($164.30).

LONDON—STR’s preliminary August 2018 data for London, England, indicates strong performance driven by significant growth in demand.

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

  • Supply: +1.8%
  • Demand: +7.5%
  • Occupancy: +5.6% to 86.8%
  • Average daily rate (ADR): +2.5% to GBP145.45
  • Revenue per available room (RevPAR): +8.2% to GBP126.29

The absolute ADR and RevPAR levels were the highest for an August in London since 2012, when the market hosted the Summer Olympics.

STR will release full August results later this month. 

Media Contact:

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

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.