London hotels post record-breaking room rates

London hotels post record-breaking room rates

LONDON – London’s hotel industry reported its highest monthly room rates on record, according to preliminary June 2022 data from STR.

  • Occupancy: 83.1%
  • Average daily rate (ADR): GBP209.00
  • Revenue per available room (RevPAR): GBP173.60

The absolute ADR and RevPAR levels were the highest for any month in STR’s London database. The absolute occupancy level was the highest in London since July 2019 but still came in 7.3% lower than the pre-pandemic comparable (June 2019).

All of STR’s COVID-19 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.

Haley Luther
Communications Coordinator
+1 615 824 8664 ext. 3500
STR

Markets & PerformanceLondonUnited Kingdom

https://www.hospitalitynet.org/news/4111493.html

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