Market Report London

London Hotels Report Lower Occupancy but Higher Rates for December

Canary Wharf, London, United Kingdom - Photo by Claus Grnstudl on Unsplash
London Hotels Report Lower Occupancy but Higher Rates for December

STR

STR’s preliminary December 2019 data for hotels in London indicates lower occupancy but higher rates.

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

  • Supply: +2.1%
  • Demand: +1.1%
  • Occupancy: -1.0% to 81.2%
  • Average daily rate (ADR): +2.6% to GBP159.48
  • Revenue per available room (RevPAR): +1.5% to GBP129.44

The absolute ADR and RevPAR levels are the highest for any December in STR’s London database. STR analysts note that although there was a slight decline in occupancy, London saw nine nights 90% and higher in the metric, likely due to Christmas festivities. 

STR will release full December total-year results later this month.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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