In accordance with STR’s preliminary February 2022 information, London’s lodge business reported an enchancment in month-on-month efficiency.
- Occupancy: 58.8%
- Common Each day Fee (ADR): GBP130.79
- Income Per Out there Room (RevPAR): GBP76.88
Occupancy ranges had been the best available in the market since November 2021, however nonetheless down 25% from pre-pandemic in comparison with 2019. ADR, however, was simply 1.6% decrease as in comparison with February 2019.
Each day information reveals London efficiency improved notably over the weekend, with 26 February producing the best efficiency ranges for the month: occupancy (80.8%), ADR (GBP162.33), and RevPAR (GBP131. 18).
All of STR’s COVID-19 evaluation could be accessed right here.
STR supplies premium information benchmarking, analytics and market insights for the worldwide hospitality business. Based in 1985, STR has a presence in 15 international locations, together with a company North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a number one supplier of business actual property data, analytics and on-line marketplaces. For extra data please go to str.com and costargroup.com.