Earlier this month, the U.K. government announced a mandatory hotel quarantine for anyone arriving from a country on the U.K.’s travel ban list. Beginning 15 February, travellers in that category were required to quarantine in a government-approved facility for 10 days.
With hotels contracted to house those quarantined travellers, we look to Forward STAR to determine the impact on future bookings around London’s key airports: Heathrow and Gatwick.
As of 15 February, occupancy on the books for the STR-defined Heathrow Airport submarket came in at levels between 16%-19% from 19 February through 2 March. From there, a steady decline is visible with levels dipping back below 15%. Unfortunately, with last-minute cancelations, levels could be pulled even further downward.
While occupancy on the books remains low, pickup has at least been on the rise in the short-term to at least 10% through 12 March. After 17 February, the submarket’s pickup levels are higher than the same time last year. As a reminder, pickup measures your uptake in bookings from one data collection to the next.
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