STR's preliminary August 2018 data for London, England, indicates strong performance driven by significant growth in demand.

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

  • Supply: +1.8%
  • Demand: +7.5%
  • Occupancy: +5.6% to 86.8%
  • Average daily rate (ADR): +2.5% to GBP145.45
  • Revenue per available room (RevPAR): +8.2% to GBP126.29

The absolute ADR and RevPAR levels were the highest for an August in London since 2012, when the market hosted the Summer Olympics.

STR will release full August results later this month.

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.