STR: Preliminary December 2016 data for London
STR's preliminary December 2016 data for London, England, indicates significant demand growth and high occupancy levels.Based on daily data from December, London reported the following in year-over-year comparisons:
LONDON -- STR's preliminary December 2016 data for London, England, indicates significant demand growth and high occupancy levels.
Based on daily data from December, London reported the following in year-over-year comparisons:
- Supply: +2.7%
- Demand: +10.0%
- Occupancy: +7.1% to 80.1%
- Average daily rate (ADR): +7.0% to GBP149.02
- Revenue per available room (RevPAR): +14.5% to GBP119.41
December 2016 marked London's highest year-over-year RevPAR increase in the past 52 months (since the London Olympics in 2012). While this performance growth is compared with a weak December 2015, when London hotels experienced a downturn in performance following the terror attacks in Paris, December 2016 marked London's highest actual occupancy level for any December on record.
STR will release actual December 2016 results later this month. The November edition of STR's Market Forecast is now available.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
Media Contact
Alex Anstett
Media & Communications Coordinator - STR [email protected]