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STR: Preliminary July data for London hotels.

ENPNewswire-August 13, 2019--STR: Preliminary July data for London hotels

(C)2019 ENPublishing - http://www.enpublishing.co.uk

Release date- 12082019 - LONDON - STR's preliminary July 2019 data for London indicates significant performance levels.

Based on daily data from the month, London reported the following in year-over-year comparisons:

Supply: +1.5%

Demand: +0.6%

Occupancy: -0.9% to 90.5%

Average daily rate (ADR): +3.3% to GBP176.07

Revenue per available room (RevPAR): +2.4% to GBP159.30

The ADR and RevPAR levels are the highest for any July in STR's London database. STR analysts note that Wimbledon (1-14 July) helped push performance levels, and while overall occupancy was down slightly for the month, London saw 20 nights with occupancy above 90%.

STR will release full July results later this month.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.

CONTACT

Nick Minerd

Public Relations Coordinator

Phone: +1 (615) 824 8664 ext. 3305

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Publication:ENP Newswire
Geographic Code:4EUUK
Date:Aug 13, 2019
Words:217
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