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.
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