STR: London Hotels Saw Highest Occupancy of the Pandemic-era in April

London's hotel industry reported its highest monthly occupancy level since February 2020, according to preliminary April 2022 data from STR.

·Occupancy: 72.0%

·Average daily rate (ADR): GBP 151.42

·Revenue per available room (RevPAR): GBP 108.98

While occupancy increased month over month, it was down roughly 11% from the pre-pandemic comparable. The absolute ADR level was slightly lower than the previous month but up more than 6% from April 2019. London's daily occupancy stayed above 60% with the exception of Monday, 18 April (50.2%). The highest occupancy level was reported on Tuesday, 26 April (83.7%), and overall improvement in weekday levels points to a return of corporate demand.