As concerns have grown around the COVID-19 outbreak, STR analysts note that London daily data shows 14 consecutive days (24 February through 8 March) of decreases across the three key performance metrics.
LONDON – STR’s preliminary data for hotels in London shows slightly negative performance in February 2020 that worsened into double-digit declines during the first week of March.
February preliminary data (compared with February 2019):
- Occupancy: -2.3% to 76.3%
- Average daily rate (ADR): +0.3% to GBP133.57
- Revenue per available room (RevPAR): -2.1% to GBP101.91
1-8 March preliminary data (compared with corresponding week in 2019):
- Occupancy: -21.0% to 65.5%
- ADR: -8.5% to GPB128.39
- RevPAR: -27.7% to GPB84.14
As concerns have grown around the COVID-19 outbreak, STR analysts note that London daily data shows 14 consecutive days (24 February through 8 March) of decreases across the three key performance metrics. Occupancy and RevPAR fell by double figures for eight of those days (1-8 March).
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
