TravelNewsAsia.com
Mon, 13 August 2018

Hotels in London Report July 2018 Increase in ADR and RevPAR

According to STR’s preliminary data for July 2018, hotels in London, England enjoyed record-breaking year-on-year ADR and RevPAR during the month.

The Arch London, a member of Small Luxury Hotels of the World. Click to enlarge.

Based on daily data from July, supply in the city was up 2.0% with demand growing by 6.1%. July 2018 occupancy rates at hotels in London rose 4.0% to 91.2%, while ADR was up 4.7% to GBP171.25 and RevPAR jumped 9.0% to GBP156.15.

Both the ADR and RevPAR levels were the highest for any month in STR’s London database. Performance for July 2018 even topped the levels achieved in July 2012, when the market hosted the opening days of the Summer Olympics.

Following a record-breaking H1 2017, hotels in London have since seen a slowdown in performance, mainly due to strong ongoing supply growth. This July performance followed a 1.5% increase in RevPAR in June 2018, indicating a summer upswing.

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