The short-term rental segment in London reported occupancy in October reached 62.4%, a 5.9% increase from September.
The figure was its highest occupancy level since February.
October occupancy for the sector was 62.4%, an increase of 5.9% from September (58.9%). That absolute level was noticeably higher than the 29.2% occupancy level for hotels in the market.
October ADR for London short-term rentals dropped 10.3% to £97.99. That was a steeper decline than hotel ADR in the market, -4.4% month over month to £89.49.