Archive for the STR Category

London hotels suffer decline in occupancy

Preliminary data from STR has indicated a year-on-year decline in occupancy levels for London hotels. Occupancy fell by 2.7% to 82.3% compared to the same period last year. STR analysts note that London’s occupancy decline was a result of the spike in supply. The number of rooms sold in the market went up, but supply grew at a quicker rate. On the other hand, the figures suggest a growth in the average daily rate (ADR) compared to last year’s data with an increase of 3% to £143.28. There has been a 4% increase in supply and a 1.2% increase in

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UK hotels post record H1 performance

The first six months of the year produced the UK hotel industry’s highest occupancy, average daily rate (ADR) and revenue per available room (RevPAR) for any first half on record, according to data from STR. When compared to the same period last year, there was a 1.7% increase in occupancy to an actual level of 75.1%, a 4.7% increase in ADR to £89.33 and a 6.5% increase in RevPAR to £67.12. STR analysts note that the devaluation in the pound sterling following the Brexit vote has resulted in strong tourism growth for the UK, benefitting the country’s hotel sector. According

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Hotel performance remains strong in second quarter

Europe’s hotels have continued to show positive results in the second quarter of the year. According to figures from STR, occupancy, average daily rate (ADR) and revenue per available room (RevPAR) all showed growth when compared to the same period last year. STR suggested that the devaluation of the pound continued to drive inbound travel and stronger domestic tourism in the UK. Occupancy in the UK rose by 1% to 79.6% and ADR saw and uplift of 5.2% to £94.22. RevPAR increased by 6.3% to £75.05. London recorded an 8.4% rise in RevPAR to £127.33, due primarily to a 6.4%

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