Preliminary November data shows London hotel occupancy fell 72.8% to 23.3%, ADR dropped 54% to £72.83 ($97.32) and RevPAR declined 87.5% to £16.97 ($22.68).
LONDON—STR’s preliminary November 2020 data for London hotels showed lower levels compared with previous months.
Year-over-year declines remained significant. Comparison with November 2019:
- Occupancy: -72.8% to 23.3%
- Average daily rate (ADR): -54.0% to GBP72.83
- Revenue per available room (RevPAR): -87.5% to GBP16.97
Amid a second lockdown in November, occupancy was the lowest for any month since July 2020, while the ADR and RevPAR levels were the lowest for any month this year.
All of STR’s COVID-19 analysis can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
International Media Contact:
Rebeca Vélez Mínguez
+44 (0)203 890 0056 ext. 0056
General Media Inbox
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 firstname.lastname@example.org.