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Preliminary figures: Hotels in England doing fine

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Staff Writer | July 13, 2017
STR’s preliminary June 2017 data for London, England, indicates strong rate growth.
London hotel
Hotels   June 2017 data
Based on daily data from June, London reported supply: +3.6, demand: +3.2%, occupancy: -0.4% to 84.1%, average daily rate (ADR): +5.5% to GBP162.51, and revenue per available room (RevPAR): +5.1% to GBP136.72.

The U.K. capital experienced only moderate declines in occupancy for the days following the 3 June terrorist attacks at London Bridge.

A week later, the market returned to performance growth.

Additionally, STR analysts credit ADR growth toward the end of the month to a calendar shift in the Eid Mubarak holiday from July in 2016 to June this year, as the city typically welcomes a high volume of visitors from the Middle East during that time.