Hotel RevPAR Drops 0.4% in London

STR Global’s preliminary June 2014 data for hotels in London indicates a mixed hotel performance. Based on daily data from June, hotels in London reported:

- increases in supply (2.4%) and demand (0.5%);
- a 1.8% decline in occupancy to 87.7%;
- a 1.5% increase in ADR to £161.80; and
- a 0.4% decrease in RevPAR to £141.87.

“The increase in supply picked up notably for London in June, posting the fastest growth rate in this measure since July 2013,” said Elizabeth Winkle, managing director of STR Global. “Demand remained relatively flat for the month compared to last year, while ADR continued to grow, posting the highest levels of any June since 1994.”