STR: Preliminary June data for London hotels
 
STR: Preliminary June data for London hotels
12 JULY 2017 7:45 AM

According to preliminary June data from STR, London's hotel market reported mostly positive performance during the month. While occupancy decreased 0.4% to 84.1%, a 5.5% ADR increase to £162.51 ($209.57) drove RevPAR up 5.1% to £136.72 ($176.37).

LONDON—STR’s preliminary June 2017 data for London, England, indicates strong rate growth.

Based on daily data from June, London reported the following in year-over-year comparisons:

  • Supply: +3.6%
  • Demand: +3.2%
  • Occupancy: -0.4% to 84.1%
  • Average daily rate (ADR): +5.5% to GBP162.51
  • Revenue per available room (RevPAR): +5.1% to GBP136.72

The U.K. capital experienced only moderate declines in occupancy for the days following the 3 June terrorist attacks at London Bridge. A week later, the market returned to performance growth. Additionally, STR analysts credit ADR growth toward the end of the month to a calendar shift in the Eid Mubarak holiday from July in 2016 to June this year, as the city typically welcomes a high volume of visitors from the Middle East during that time.

STR will release actual June 2017 results later this month.

Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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