LONDON—Aligned with seasonal patterns, London’s hotel performance came in lower than the peak seen during the previous month, according to preliminary August 2022 data from STR.
- Occupancy: 77.1%
- Average daily rate (ADR): GBP179.49
- Revenue per available room (RevPAR): GBP138.37
Despite the decrease from July, both the ADR and RevPAR levels remained well above pre-pandemic comparables at +19.4% and +6.9%, respectively. Occupancy was 10.5% below August 2019, which was a steeper decline than the month prior.
When looking at daily data, Saturdays showed the highest occupancy, including a level of 87.2% on 13 August.
More of STR’s analysis can be found here.
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.
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