Based on daily data, occupancy decreased by 1% to 81.2% during the period. However, supply and demand increased by 2.1% and 1.1% respectively, and the Average daily rate (ADR) was up by 2.6% to £159.48.
Revenue per available room (RevPAR) was also up by 1.5% to £129.44.
“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.”
It follows similar results seen during the previous month, which saw a 0.4% decline in occupancy to 85.8%. However, supply and demand both increased 2.1% and 1.8% respectively in November 2019.