STR’s preliminary April 2017 data for London, England, indicates record-breaking performance.
Based on daily data from April, London reported the following in year-over-year comparisons:
- Supply: +2.8%
- Demand: +6.6%
- Occupancy: +3.7% to 83.0%
- Average daily rate (ADR): +6.4% to GBP143.92
- Revenue per available room (RevPAR): +10.3% to GBP119.40
After a record-breaking Q1 for London, the market recorded its highest April RevPAR level on record.
With hotel demand continuing to grow in London, STR analysts highlighted a pair of events that resulted in multiple days of roughly 95% occupancy and ADR above GBP160: In-Cosmetics Global (4-6 April) and the Natural Stone Show & Conference (25-27 April).
STR will release actual April 2017 results later this month. The May edition of STR’s Market Forecast also will be available in the coming weeks.
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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