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London Hotels Report 10.3 Percent RevPAR Growth for April 2017

Column: industry Tag: London Hotels Published: 2017-05-12 10:59 Source: Author:

STR’s preliminary April 2017 data for London, England, indicates record-breaking performance.

Based on daily data from April, London reported the following in year-over-year comparisons:
•Supply: +2.8%
•Demand: +6.6%
•Occupancy: +3.7% to 83.0%
•Average daily rate (ADR): +6.4% to GBP143.92
•Revenue per available room (RevPAR): +10.3% to GBP119.40

After a record-breaking Q1 for London, the market recorded its highest April RevPAR level on record.

With hotel demand continuing to grow in London, STR analysts highlighted a pair of events that resulted in multiple days of roughly 95% occupancy and ADR above GBP160: In-Cosmetics Global (4-6 April) and the Natural Stone Show & Conference (25-27 April).

STR will release actual April 2017 results later this month. The May edition of STR’s Market Forecast also will be available in the coming weeks.

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