STR’s preliminary January 2018 data for Berlin, Germany, indicates steady performance growth.
Based on daily data from January, Berlin reported the following in year-over-year comparisons:
- Supply: +3.4%
- Demand: +4.3%
- Occupancy: +0.9% to 59.2%
- Average daily rate (ADR): +1.1% to EUR84.60
- Revenue per available room (RevPAR): +2.0% to EUR50.05
STR analysts note that RevPAR has now increased for nine consecutive Januarys in Berlin. The month’s stable performance levels were once again supported by demand from a pair of recurring January events: Berlin Fashion Week and International Green Week Berlin.
STR will release full January results later this month. The January edition of STR’s market forecast is now available.
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