LONDON -- STR's preliminary February 2018 data for London, England, indicates a continuation of recent trends.

Based on daily data from February, London reported the following in year-over-year comparisons:

  • Supply: +2.2%
  • Demand: +1.8%
  • Occupancy: -0.4% to 77.3%
  • Average daily rate (ADR): +1.2% to GBP133.84
  • Revenue per available room (RevPAR): +0.8% to GBP103.48

Recent trends continued in London—demand increased, but supply grew at a faster rate, leading to a slight dip in occupancy for the ninth month in a row. ADR, on the other hand, increased year over year for the 16th consecutive month even as the "Brexit boost" continues to dissipate.

STR will release full February results later this month. The January edition of STR's Market Forecast and the 2017 Global Hotel Study are now available.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.

Alex Anstett
Media & Communications Coordinator - STR
STR