STR: Preliminary March data for London hotels
STR: Preliminary March data for London hotels
09 APRIL 2018 7:53 AM

Preliminary March data from STR shows hotels in London saw a 0.9% occupancy decrease to 79.8% during the month. ADR in the market dropped 1.2% to £138.55 ($195.85) and RevPAR fell 2.2% to £110.52 ($156.23).

LONDON—STR’s preliminary March 2018 data for London, England, indicates overall performance declines.

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

• Supply: +1.9%
• Demand: +0.9%
• Occupancy: -0.9% to 79.8%
• Average daily rate (ADR): -1.2% to GBP138.55
• Revenue per available room (RevPAR): -2.2% to GBP110.52

March broke a 16-month streak as the first with a year-over-year ADR decline in London since October 2016. In addition to continued and significant supply growth, which pulls down occupancy levels, STR analysts attribute the performance decreases to unseasonably-cold temperatures, snow and strong winds that came from the Siberian weather system labeled as the “Beast from the East.”

STR will release full March results later this month. The January edition of STR’s Market Forecast and the 2017 Global Hotel Study are now available. 

Media Contacts:

Alex Anstett
Marketing & Communications
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
+44 (0)207 922 1965

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1 Comment

  • Marv April 20, 2018 11:31 PM Reply

    If not for your writing this topic could be very coetulovnd and oblique.

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