STR’s preliminary November 2016 data for Berlin, Germany, indicates performance growth.
Based on daily data from November, Berlin reported the following in year-over-year comparisons:
- nearly flat supply (+0.4%) and an increase in demand (+5.4%);
- a 5.0% increase in occupancy to 81.1%;
- a 1.7% increase in average daily rate (ADR) to EUR95.94; and
- a 6.8% increase in revenue per available room (RevPAR) to EUR77.83.
The absolute occupancy level would be the highest for any November on record in Berlin. Performance has been helped by a lack of significant supply growth (+0.5% year to date).
STR will release actual November 2016 results later this month. The November edition of STR’s Market Forecast is now available.