London’s hotel industry reported its highest monthly occupancy level since February 2020, according to preliminary April 2022 data from STR.
- Occupancy: 72.0%
- Average daily rate (ADR): GBP151.42
- Revenue per available room (RevPAR): GBP108.98
While occupancy increased month over month, it was down roughly 11% from the pre-pandemic comparable. The absolute ADR level was slightly lower than the previous month but up more than 6% from April 2019.
London’s daily occupancy stayed above 60% with the exception of Monday, 18 April (50.2%). The highest occupancy level was reported on Tuesday, 26 April (83.7%), and overall improvement in weekday levels points to a return of corporate demand.
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.
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