Industry Update
Press Release15 June 2020

STR: U.K. weekly hotel performance update

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Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 1-7 June, is linked below.

Key highlights:

  • Occupancy and RevPAR remained static, with RevPAR not expected to show a year-over-year shift until 4 July.
  • Midscale and Economy class hotels saw occupancy over 30% during the weekdays and over 20% during the weekend, as essential workers are housed in these hotels.
  • Forward-looking data (as of 1 June) shows that cancellations are outweighing new bookings in key U.K. markets.

About STR

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. 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.

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