London’s resort common each day fee (ADR) and income per out there room (RevPAR) got here in greater than the pre-pandemic comparable, based on preliminary October 2022 knowledge from STR.
Common each day fee (ADR): GBP199.95
Income per out there room (RevPAR): GBP167.60
The market’s occupancy and RevPAR ranges got here in greater than the month prior, however occupancy remained 4.0% beneath the 2019 comparable.
When taking a look at each day knowledge, the market continued to point out excessive occupancy ranges on Tuesdays and Wednesdays, pointing to enterprise demand, with the best each day occupancy for the month (93.0%) recorded on Wednesday, 12 October.
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