Reflecting the circumstances around the COVID-19 pandemic, STR’s preliminary March data for hotels in London shows significant year-over-year declines in the three key performance metrics.
Comparison with March 2019:
- Occupancy: -57.8% to 34.5%
- Average daily rate (ADR): -10.4% to GBP124.15
- Revenue per available room (RevPAR): -62.1% to GBP42.88
Daily data for the month shows 31 consecutive days of double-digit declines in occupancy and RevPAR.
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