London Hotels Report Flat RevPAR for April 2019

House of parliament in London
London Hotels Report Flat RevPAR for April 2019

Preliminary April monthly data from STR shows London hotel occupancy decreased 1.6% to 81.1%, ADR rose 1.4% to 143.01 ($186.21) and RevPAR dipped 0.1% to 115.99 ($151.03).

STR’s preliminary April 2019 data for London indicates high room rates.

Based on daily data from the month, London reported the following in year-over-year comparisons:

• Supply: +2.3%
• Demand: +0.7%
• Occupancy: -1.6% to 81.1%
• Average daily rate (ADR): +1.4% to GBP143.01
• Revenue per available room (RevPAR): -0.1% to GBP115.99

The absolute ADR level is the highest for any April in STR’s London database. STR analysts attribute the decrease in occupancy to supply growth, and to a lesser extent, the Easter calendar shift from early April last year.

STR will release full April results later this month.

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