STR’s preliminary August 2021 data showed London with its highest hotel performance levels since the start of the pandemic.
- Occupancy: 56.8%
- Average daily rate (ADR): GBP112.58
- Revenue per available room (RevPAR): GBP63.97
The absolute occupancy and RevPAR levels were the highest in the market since February 2020, while the ADR level was the highest since March 2020. At the same time, performance remained well below the pre-pandemic comparables from August 2019: occupancy (86.2%), ADR (GBP150.39) and RevPAR (GBP129.59).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.