Market Report Berlin

Berlin Hotels Report 3.8 Percent Occupancy Growth for March 2017

According to preliminary March data from STR, hotels in Berlin saw occupancy increase 3.8% to 75.2%, ADR increase 6.8% to €100.58 ($106.36) and RevPAR increase 10.9% to €75.67 ($80.02).

STR’s preliminary March 2017 data for Berlin, Germany, indicates significant occupancy levels.

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

  • Supply: +0.3%
  • Demand: +4.1%
  • Occupancy: +3.8% to 75.2%
  • Average daily rate (ADR): +6.8% to EUR100.58
  • Revenue per available room (RevPAR): +10.9% to EUR75.67

The absolute occupancy level would be the highest for any March on record in Berlin. Demand was helped by the ITB Berlin travel trade show (8-12 March). From 7-9 March, occupancy was 95.4%, 97.6% and 92.2%.

STR will release actual March 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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