Global Travel Media » Blog Archive » STR: Preliminary January data for London hotels

Home » Hotel Trends » Currently Reading:

STR: Preliminary January data for London hotels

February 17, 2018 Hotel Trends No Comments Email Email

STR’s preliminary January 2018 data for London, England, indicates nearly flat overall performance. http://www.itcmchina.com/

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.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS