STR: Preliminary November data for London hotels
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:
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.