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STR: Preliminary May data for Berlin hotels

June 13, 2017 Hotel Trends No Comments Email Email

STR’s preliminary May 2017 data for Berlin, Germany, indicates significant occupancy levels and strong performance growth.     http://rinfo.travelcounsellors.com/au/your-world-better?utm_campaign=Your%20World%20Better&utm_content=World%20of%20Support&utm_medium=eNewsletter%20MREC&utm_source=%20eGlobal

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

  • Supply: +1.0%
  • Demand: +3.1%
  • Occupancy: +2.1% to 81.4%
  • Average daily rate (ADR): +5.8% to EUR105.41
  • Revenue per available room (RevPAR): +8.1% to EUR85.79

The absolute occupancy level would be the second-highest for any May on record in the market. STR analysts attribute demand to the following events: Re:Publica, digital culture conference (8-10 May); Deutscher Evangelischer Kirchentag (24-28 May), faith festival; and DFB-Pokal, German football final (27 May). The market reported 11 days of occupancy above 90% during the month.

STR will release actual May 2017 results later this month. The May edition of STR’s Market Forecast is now available.

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