STR: Preliminary July data for London hotels
LONDON — STR's preliminary July 2019 data for London indicates significant performance levels.
Based on daily data from the month, London reported the following in year-over-year comparisons:
- Supply: +1.5%
- Demand: +0.6%
- Occupancy: -0.9% to 90.5%
- Average daily rate (ADR): +3.3% to GBP176.07
- Revenue per available room (RevPAR): +2.4% to GBP159.30
The ADR and RevPAR levels are the highest for any July in STR's London database. STR analysts note that Wimbledon (1-14 July) helped push performance levels, and while overall occupancy was down slightly for the month, London saw 20 nights with occupancy above 90%.
STR will release full July results later this month.
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. For more information, please visit str.com.
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