Courtesy/News Source: hotelnewsresource.com

STR’s preliminary September 2019 data for London indicates high performance helped by a busy events calendar.

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

Supply: +1.9%
Demand: +1.8%
Occupancy: -0.1% to 86.9%
Average daily rate (ADR): +7.9% to GBP170.63
Revenue per available room (RevPAR): +7.7% to GBP148.33

The absolute ADR and RevPAR levels are the highest for any September in STR’s London database. STR analysts note that despite the slight drop in occupancy, ADR levels were boosted by a number of events held during the month: the 73rd Congress of the International Fiscal Association (8-12 September), PLASA Show (15-17 September) and Sibos 2019 (23-26 September).

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.