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): £153.63
• Revenue per available room (RevPAR): £82.08
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
(source: STR, image: pexels)