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STR: Preliminary April data for London hotels

May 18, 2019 Hotel Trends No Comments Email Email

STR’s preliminary April 2019 data for London indicates high room rates.http://www.stevecafeandcuisine.com/

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

  • Supply: +2.3%
  • Demand: +0.7%
  • Occupancy: -1.6% to 81.1%
  • Average daily rate (ADR): +1.4% to GBP143.01
  • Revenue per available room (RevPAR): -0.1% to GBP115.99

The absolute ADR level is the highest for any April in STR’s London database.  STR analysts attribute the decrease in occupancy to supply growth, and to a lesser extent, the Easter calendar shift from early April last year.

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