According to preliminary September data from STR, London hotels reported occupancy dipped 0.1% to 86.9%, ADR dropped 3.1% to £158.93 ($209.76) and RevPAR decreased 3.2% to £138.04 ($182.19).
LONDON—STR’s preliminary September 2018 data for London, England, indicates negative overall performance.
Based on daily data from the month, London reported the following in year-over-year comparisons:
• Supply: +1.9%
• Demand: +1.7%
• Occupancy: -0.1% to 86.9%
• Average daily rate (ADR): -3.1% to GBP158.93
• Revenue per available room (RevPAR): -3.2% to GBP138.04
The absolute ADR and RevPAR levels were the lowest for a September in London since 2014. STR analysts note that although overall performance was negative, London Fashion Week (13-18 September) and the Professional Lighting and Sound Association trade show (16-18 September) boosted performance levels on those event days.
STR will release full September results later this month.
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