London hotel occupancy rose 2.5% to 85.9% in November, according to preliminary data from STR. ADR rose 3% to £156.94 ($198), which drove RevPAR up 5.6% to £134.85 ($170.13).
LONDON—STR’s preliminary November 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: +2.0%
• Demand: +4.6%
• Occupancy: +2.5% to 85.9%
• Average daily rate (ADR): +3.0% to GBP156.94
• Revenue per available room (RevPAR): +5.6% to GBP134.85
STR analysts note that performance was helped by World Travel Market London (5-7 November) and the Nitto ATP Finals (11-18 November). The absolute occupancy level ranks among the highest for any November in the U.K. capital.
STR will release full November results later this month.
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