Preliminary April monthly data from STR shows London hotel occupancy decreased 1.6% to 81.1%, ADR rose 1.4% to 143.01 ($186.21) and RevPAR dipped 0.1% to 115.99 ($151.03).
LONDON—STR’s preliminary April 2019 data for London indicates high room rates.
Based on daily data from the month, London reported the following in year-over-year comparisons:
• Supply: +2.3%
• Demand: +0.7%
• Occupancy: -1.6% to 81.1%
• Average daily rate (ADR): +1.4% to GBP143.01
• Revenue per available room (RevPAR): -0.1% to GBP115.99
The absolute ADR level is the highest for any April in STR’s London database. STR analysts attribute the decrease in occupancy to supply growth, and to a lesser extent, the Easter calendar shift from early April last year.
STR will release full April results later this month.
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