STR's preliminary June 2016 data for London, England, indicates negative performance in comparison with a strong June 2015.
Based on daily data from June, London reported the following in ye ar-over-year comparisons:
an increase in supply (+2.5%) and a decrease in demand (-1.8%); a 4.2% decrease in occupancy to 84.4%; a 1.9% decrease in average daily rate (ADR) to GBP155.40; and a 6.0% decrease in revenue per available room (RevPAR) to GBP131.17.
London's absolute occupancy exceeded 90% on nine days in June 2016, compared with 15 days of occupancy above 90% in June 2015. Even with the nine days, the month's 2016 occupancy level was the lowest for a June in London since 2012.
STR will release actual June 2016 results during the week of 25 July.
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.
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