STR: Preliminary November data for London hotels
 
STR: Preliminary November data for London hotels
13 DECEMBER 2017 8:52 AM

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 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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