STR: Preliminary February data for London hotels
 
STR: Preliminary February data for London hotels
13 MARCH 2019 8:45 AM

London hoteliers reported occupancy rose 0.6% to 78%, ADR increased 1.1% to £133.52 ($175.92) and RevPAR rose 1.7% to £104.14 ($137.21) in February, according to preliminary monthly data from STR.

LONDON—STR’s preliminary February 2019 data for London indicates record-high rates.

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

• Supply: +2.6%
• Demand: +3.2%
• Occupancy: +0.6% to 78.0%
• Average daily rate (ADR): +1.1% to GBP133.52
• Revenue per available room (RevPAR): +1.7% to GBP104.14

The absolute ADR and RevPAR levels are the highest for any February in STR’s London database, while the occupancy level is the highest for February since 2010. STR analysts note that the Six Nations rugby match (10 February) and London Fashion Week (14-19 February) helped boost performance levels.

STR will release full February results later this month.

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.