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Preliminary April data for Munich hotels

May 13, 2017 Hotel Trends No Comments Email Email

STR’s preliminary April 2017 data for Munich, Germany, indicates steep performance declines due to an off year for the triennial Bauma trade fair.    http://join.travelmanagers.com.au/

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

  • Supply: +1.6%
  • Demand: -11.8%
  • Occupancy: -13.2% to 71.8%
  • Average daily rate (ADR): -38.4% to EUR109.90
  • Revenue per available room (RevPAR): -46.5% to EUR78.90

Bauma 2016 (11-17 April) drew roughly 580,000 visitors to the market last April, thus creating a difficult to match comparison base of 83.3% occupancy and an ADR of EUR168.15.

However, absolute occupancy and ADR levels for April 2017 fell in line with recent historical averages for the month, excluding April 2016.

STR will release actual April 2017 results later this month. The May edition of STR’s Market Forecast also will be available in the coming weeks.

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