Market Report Berlin

Berlin Hotels Report 2.6 Percent Occupancy Growth for January 2017

STR analysts note that January is routinely the weakest performing month of the year for Berlin hotels. However, the market’s occupancy levels grew as demand outpaced supply by a substantial margin.

STR’s preliminary January 2017 data for Berlin, Germany, indicates overall performance increases.

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

  • Supply: +1.0%
  • Demand: +3.7%
  • Occupancy: +2.6% to 58.8%
  • Average daily rate (ADR): -0.7% to EUR86.98
  • Revenue per available room (RevPAR): +1.9% to EUR 50.60

STR analysts note that January is routinely the weakest performing month of the year for Berlin hotels. However, the market’s occupancy levels grew as demand outpaced supply by a substantial margin.

STR will release actual January 2017 results later this month.

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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