Reflecting the continued impact of the COVID-19 pandemic, April was London’s worst hotel performance month on record, according to preliminary data from STR.
Comparison with April 2019:
- Occupancy: -73.0% to 21.9%
- Average daily rate (ADR): -38.9% to GBP87.18
- Revenue per available room (RevPAR): -83.5% to GBP19.11
The occupancy and RevPAR levels are the lowest for any month in STR’s London database, while absolute ADR fell below GBP90 for the first time since August 2005. The occupancy level was down from 32.7% in March.
To access all of STR’s COVID-19 resources, click here.