Amid increased COVID-19 cases, London’s hotel industry reported lower occupancy but higher room rates, according to preliminary December 2021 data from STR.
- Occupancy: 53.4%
- Average daily rate (ADR): GBP153.63
- Revenue per available room (RevPAR): GBP82.08
The occupancy level was the lowest in the market since July 2021. A month earlier in November, London’s 66.3% occupancy level was the highest in the market since February 2020 (76.1%). The December ADR level, however, was the market’s highest since December 2019.
When looking at daily data, London’s hotel occupancy came in at 53.2% on 31 December 2021. That was up from the same day in 2020 (17.7%) but substantially lower than 2019 (91.7%).
All of STR’s COVID-19 analysis can be found here.