Market Report Berlin

Berlin Hotels Report 81.1 Percent Occupancy for November 2016

The absolute occupancy level would be the highest for any November on record in Berlin. Performance has been helped by a lack of significant supply growth (+0.5% year to date).

STR’s preliminary November 2016 data for Berlin, Germany, indicates performance growth.

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

  • nearly flat supply (+0.4%) and an increase in demand (+5.4%);
  • a 5.0% increase in occupancy to 81.1%;
  • a 1.7% increase in average daily rate (ADR) to EUR95.94; and
  • a 6.8% increase in revenue per available room (RevPAR) to EUR77.83.

The absolute occupancy level would be the highest for any November on record in Berlin. Performance has been helped by a lack of significant supply growth (+0.5% year to date).

STR will release actual November 2016 results later this month. The November 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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