According to preliminary February 2017 performance data, hotels in London experienced a 2.7% occupancy increase to 77.6%, while ADR rose 4.7% to £132.50 ($161.13) and RevPAR climbed £102.85 ($125.08).
LONDON—STR’s preliminary February 2017 data for London, England, indicates occupancy and rate growth.
Based on daily data from February, London reported the following in year-over-year comparisons:
- Supply: +2.8%
- Demand: +5.5%
- Occupancy: +2.7% to 77.6%
- Average daily rate (ADR): +4.7% to GBP132.50
- Revenue per available room (RevPAR): +7.5% to GBP102.85
STR analysts cite London Fashion Week (16-21 February) as a factor in the performance growth.
STR will release actual February 2017 results later this month. The February edition of STR’s Market Forecast is now available.
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