STR’s preliminary data for London hotels showed record performance lows.
Comparison with June 2019:
- Occupancy: -74.4% to 23.0%
- Average daily rate (ADR): -59.2% to GBP72.48
- Revenue per available room (RevPAR): -89.6% to GBP16.64
The absolute levels in each of the three metrics would be the lowest for any month on record in STR’s London database. STR analysts do not expect significant performance increases until restrictions are eased further in the U.K. The most recent video on weekly U.K. performance, which covers date through the opening week of July, can be found here.
All of STR’s COVID-19 analysis can be found here.
