London hotel performance improved in February

STR, 14 March 2022

LONDON—London’s hotel industry reported month-over-month performance improvement, according to preliminary February 2022 data from STR.

• Occupancy: 58.8%
• Average daily rate (ADR): GBP130.79
• Revenue per available room (RevPAR): GBP76.88

The occupancy level was the highest in the market since November 2021 but still 25% below the pre-pandemic comparable from 2019. ADR, on the other hand, was just 1.6% lower than February 2019.

Daily data shows that London’s performance improved especially on weekends, with 26 February producing the highest performance levels for the month: occupancy (80.8%), ADR (GBP162.33), and RevPAR (GBP131.18).