STR: Preliminary March data for London hotels
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary March data for hotels in London shows significant year-over-year declines in the three key performance metrics. Comparison with March 2019:
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary March data for hotels in London shows significant year-over-year declines in the three key performance metrics.
Comparison with March 2019:
- Occupancy: -57.8% to 34.5%
- Average daily rate (ADR): -10.4% to GBP124.15
- Revenue per available room (RevPAR): -62.1% to GBP42.88
Daily data for the month shows 31 consecutive days of double-digit declines in occupancy and RevPAR.
STR continues to monitor the COVID-19 impact on global hotel industry performance. More information and analysis can be found here.