STR's preliminary October 2018 data for London, England, indicates significant performance levels and growth.

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

  • Supply: +1.7%
  • Demand: +8.5%
  • Occupancy: +6.7% to 89.1%
  • Average daily rate (ADR): +6.2% to GBP160.13
  • Revenue per available room (RevPAR): +13.4% to GBP142.73

The absolute occupancy and RevPAR levels were the highest for any October in STR's London database. STR analysts believe that three consecutive weeks with NFL games at Wembley Stadium contributed to London's October performance.

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.