London’s hotel ADR and RevPAR surpassed pre-pandemic levels in October

rpbi-openings.co.uk, 18 November 2022

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%
. ADR: £199.95
. RevPAR: £167.60

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.