LONDON – London’s hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the pre-pandemic comparable, according to preliminary October 2022 data from STR.
- Occupancy: 83.8%
- Average daily rate (ADR): GBP199.95
- Revenue per available room (RevPAR): GBP167.60
The market’s occupancy and RevPAR levels came in higher than the month prior, but occupancy remained 4.0% below the 2019 comparable.
When looking at daily data, the market continued to show high occupancy levels on Tuesdays and Wednesdays, pointing to business demand, with the highest daily occupancy for the month (93.0%) recorded on Wednesday, 12 October.
More of STR’s analysis can be found here.