Preliminary November data from STR shows the London hotel market experienced a 2.8% occupancy decrease to 83.7% during the month, while ADR rose 1% to £153.96 ($205.64) and RevPAR fell 1.8% to £128.87 ($172.13).
LONDON—STR’s preliminary November 2017 data for hotels in London, England, indicates a year-over-year decline in occupancy levels, but growth in average daily rate (ADR).
Based on daily data from November, London reported the following in year-over-year comparisons:
- Supply: +3.3%
- Demand: +0.3%
- Occupancy: -2.8% to 83.7%
- ADR: +1.0% to GBP153.96
- Revenue per available room (RevPAR): -1.8% to GBP128.87
STR analysts attribute the decline in occupancy to year-over-year supply growth outweighing a slight rise in demand. At the same time, November is the 13th month in a row with ADR growth in London.
The highest occupancy (95.5%) and ADR (GBP177.25) night of the month came on 7 November during World Travel Market London.
STR will release full November 2017 results later this month.
Media & Communications Coordinator
+44 (0)207 922 1979
Director of Marketing, Research & Analysis
+44 (0)207 922 1965
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at email@example.com.