STR: Preliminary Dec 2016 information for London

STRSTR: Preliminary Dec 2016 information for London

STR’s rough Dec 2016 information for London, England, indicates poignant direct expansion and high occupancy levels.

Based on daily information from December, London reported a following in year-over-year comparisons:

Supply: +2.7%
Demand: +10.0%
Occupancy: +7.1% to 80.1%
Average daily rate (ADR): +7.0% to GBP149.02
Revenue per accessible room (RevPAR): +14.5% to GBP119.41

December 2016 noted London’s top year-over-year RevPAR boost in a past 52 months (since a London Olympics in 2012). While this opening expansion is compared with a diseased Dec 2015, when London hotels gifted a downturn in opening following a apprehension attacks in Paris, Dec 2016 noted London’s top tangible occupancy turn for any Dec on record.

About STR

STR provides clients from mixed marketplace sectors with premium, tellurian information benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a participation in 16 countries with a corporate North American domicile in Hendersonville, Tennessee, and an general domicile in London, England.

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Posted by on Jan 14 2017. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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