STR: London performance drops amid COVID-19 concerns
 
STR: London performance drops amid COVID-19 concerns
16 MARCH 2020 7:12 AM

Slightly negative performance by London hotels for the month of February worsened into double-digit declines during the first week of March, STR data shows. 

LONDON—STR’s preliminary data for hotels in London shows slightly negative performance in February 2020 that worsened into double-digit declines during the first week of March.

February preliminary data (compared with February 2019):

  • Occupancy: -2.3% to 76.3%
  • Average daily rate (ADR): +0.3% to GBP133.57
  • Revenue per available room (RevPAR): -2.1% to GBP101.91

1-8 March preliminary data (compared with corresponding week in 2019):

  • Occupancy: -21.0% to 65.5%
  • ADR: -8.5% to GPB128.39
  • RevPAR: -27.7% to GPB84.14

As concerns have grown around the COVID-19 outbreak, STR analysts note that London daily data shows 14 consecutive days (24 February through 8 March) of decreases across the three key performance metrics. Occupancy and RevPAR fell by double figures for eight of those days (1-8 March).
STR continues to monitor the COVID-19 impact on global hotel industry performance. More information and analysis can be found here.

International Media Contact:

Rebeca Vélez Mínguez
Communications Executive
rvelezminguez@str.com
+44 (0)203 890 0056 ext. 0056
General Media Inbox
media@str.com

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