STR Reports Berlin Hotels Recorded Record-high Room Rates in September

Berlin’s hotel industry reported improved occupancy and all-time highs in room rates and revenue per available room (RevPAR), according to preliminary September 2022 data from STR.  

• Occupancy: 83.4%
• Average daily rate (ADR): EUR158.55
• Revenue per available room (RevPAR): EUR132.30

While the ADR and RevPAR levels were the highest for any month on record in the market, occupancy was the highest since October 2019 but still 6.1% below the pre-pandemic comparable.

When looking at daily data, Berlin reported its highest occupancy levels on 20 and 21 September, at 92.5% and 94.4%, respectively. The metrics were helped by the InnoTrans conference (20-23 September), which had not been on the calendar for four years. Other events, such as Berlin Fashion Week, also pushed performance levels.

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.