LONDON—STR’s preliminary December 2020 data for London hotels showed slightly higher performance levels compared with the previous month. Year-over-year declines remained significant.

• Occupancy: 24.0% (-70.3%)
• Average daily rate (ADR): GBP85.58 (-46.2%)
• Revenue per available room (RevPAR): GBP20.57 (-84.0%)

Each of the three key performance metrics were up from November, thanks to higher performance towards the beginning of the month. With a new variant of the COVID-19 virus and stricter lockdown rules, daily occupancy remained under 20% during the last half of the month.

All of STR’s COVID-19 analysis can be found here.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

International Media Contact
Rebeca Vélez Mínguez
Communications Executive
rvelezminguez@str.com
+44 (0)203 890 0056 ext. 0056

General Media Inbox
media@str.com

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.