Market Report Munich

Munich Hotels Report 17.5 Percent Increase in RevPAR for February 2017

STR analysts attribute the spike in demand and ADR to special events such as ISPO Munich, sports business trade fair (5-8 February); Munich Security Conference (17-19 February); and Inhorgenta Munich, international jewelry and watch exhibition (18-21 February).

STR

STR’s preliminary February 2017 data for Munich, Germany, indicates strong performance growth. 

Based on daily data from February, Munich reported the following in year-over-year comparisons:

  • Supply: +2.7%
  • Demand: +8.7%
  • Occupancy: +5.9% to 72.0%
  • Average daily rate (ADR): +10.9% to EUR126.27
  • Revenue per available room (RevPAR): +17.5% to EUR90.85

STR analysts attribute the spike in demand and ADR to special events such as ISPO Munich, sports business trade fair (5-8 February); Munich Security Conference (17-19 February); and Inhorgenta Munich, international jewelry and watch exhibition (18-21 February).

Additionally, a double-digit decline in RevPAR last February created a lower basis for comparison.

STR will release actual February 2017 results later this month. The February 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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