STR: Preliminary October data for London hotels
STR's preliminary October 2020 data for London hotels showed relatively flat occupancy compared with the previous month.
Year-over-year declines remained significant. Comparison with October 2019:
- Occupancy: -66.5% to 29.3%
- Average daily rate (ADR): -44.8% to GBP89.11
- Revenue per available room (RevPAR): -81.5% to GBP26.07
Occupancy was up slightly from September (29.2%) but ADR was lower than the GBP93.55 recorded that month.
A deep dive into Europe hotel performance can be found here.
All of STR's COVID-19 analysis can be found here.
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.