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.
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