STR's preliminary November 2018 data for London, England, indicates higher performance levels.

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

  • Supply: +2.0%
  • Demand: +4.6%
  • Occupancy: +2.5% to 85.9%
  • Average daily rate (ADR): +3.0% to GBP156.94
  • Revenue per available room (RevPAR): +5.6% to GBP134.85

STR analysts note that performance was helped by World Travel Market London (5-7 November) and the Nitto ATP Finals (11-18 November). The absolute occupancy level ranks among the highest for any November in the U.K. capital.

STR will release full November results later this month.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.