STR: Preliminary May data for London hotels
STR's preliminary May 2018 data for London, England, indicates lower performance due to supply growth. Based on daily data from May, London reported the following in year-over-year comparisons:
LONDON -- STR's preliminary May 2018 data for London, England, indicates lower performance due to supply growth.
Based on daily data from May, London reported the following in year-over-year comparisons:
- Supply: +2.0%
- Demand: +0.9%
- Occupancy: -1.0% to 82.3%
- Average daily rate (ADR): -4.1% to GBP146.51
- Revenue per available room (RevPAR): -5.0% to GBP120.59
May was the 12th consecutive month with a year-over-year occupancy decline in the market. The month also was the third in a row with an ADR decrease after 16 straight positive months in the metric. As of April, London's 12-month average supply growth was 3.0%.
STR analysts note that although there was a weakening of the pound in May, there was no significant increase in demand. The Royal Wedding on 19 May also did not produce a significant impact on performance.
STR will release full May results later this month. The May edition of STR's Market Forecast is available now for London and a host of other markets across the globe.
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.
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