Market Report Berlin

Berlin Hotels Report 8.1 Percent RevPAR Growth for May 2017

Berlin hotels reported occupancy increased 2.1% to 81.4%, according to preliminary May data. ADR rose 5.8% to €105.41 ($117.80) and RevPAR increased 8.1% to €85.79 ($95.87).

STR’s preliminary May 2017 data for Berlin, Germany, indicates significant occupancy levels and strong performance growth.     

Based on daily data from May, Berlin reported the following in year-over-year comparisons:

  • Supply: +1.0%
  • Demand: +3.1%
  • Occupancy: +2.1% to 81.4%
  • Average daily rate (ADR): +5.8% to EUR105.41
  • Revenue per available room (RevPAR): +8.1% to EUR85.79

The absolute occupancy level would be the second-highest for any May on record in the market. STR analysts attribute demand to the following events: Re:Publica, digital culture conference (8-10 May); Deutscher Evangelischer Kirchentag (24-28 May), faith festival; and DFB-Pokal, German football final (27 May). The market reported 11 days of occupancy above 90% during the month.

STR will release actual May 2017 results later this month. The May edition of STR’s Market Forecast is now available.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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