Performance

‘Significant’ declines in London

Preliminary November data from STR for London hotels saw “significant" year-on-year declines.

Amid a second lockdown, occupancy was the lowest level for any month since July, while ADR and revpar were their lowest for the year.

Occupancy was down 72.8% to 23.3%, while ADR was down 54% to £72.83 and revpar was down 87.5% to £16.97.