London hotel performance dipped in August, while Abu Dhabi rises
Saturday, 1st October 2022
Source : STR

Aligned with seasonal patterns, London’s hotel performance came in lower than the peak seen during the previous month, according to preliminary August 2022 data from STR.  

  • Occupancy: 77.1%
  • Average daily rate (ADR): GBP179.49
  • Revenue per available room (RevPAR): GBP138.37

Despite the decrease from July, both the ADR and RevPAR levels remained well above pre-pandemic comparables at +19.4% and +6.9%, respectively.

Occupancy was 10.5% below August 2019, which was a steeper decline than the month prior.

When looking at daily data, Saturdays showed the highest occupancy, including a level of 87.2% on 13 August.  

Abu Dhabi hotels recorded higher occupancy in August

Abu Dhabi’s hotel industry recorded higher occupancy than the month prior, but lower room rates, according to preliminary August 2022 data from STR.

  • Occupancy: 65.2%
  • Average daily rate (ADR): AED335.49
  • Revenue per available room (RevPAR): AED218.90

Despite the month-over-month increase, the occupancy level remained slightly below the pre-pandemic comparable (-2.8%).

RevPAR also came in higher than the prior month and was 2.7% above the August 2019 level.

While ADR surpassed the pre-pandemic comparable (+5.6%), it was the lowest level for any month since September 2021.

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

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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 www.str.com

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