London hotels see ‘significant’ performance levels in August

STR’s preliminary July 2019 data for London has indicated significant performance levels for hotels in the capital.

Based on daily data from the month, London reported a 1.5% increase in supply and a 0.6% rise in demand year-over-year. However, occupancy decreased by 0.9% to 90.5% during the period, but was offset by a 3.3% increase in Average daily rate (ADR) to £176.07.

Revenue per available room (RevPAR) also increased by 2.4% to £159.30.

A statement by STR read: “The ADR and RevPAR levels are the highest for any July in STR’s London database. STR analysts note that Wimbledon (1-14 July) helped push performance levels, and while overall occupancy was down slightly for the month, London saw 20 nights with occupancy above 90%.”