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STR: Preliminary November data for Berlin hotels

December 16, 2017 Hotel Trends No Comments Email Email

STR’s preliminary November 2017 data for Berlin, Germany, indicates solid performance levels even with year-over-year declines. 

Based on daily data from November, Berlin reported the following in year-over-year comparisons:http://www.stevecafeandcuisine.com/

  • Supply: +1.8%
  • Demand: -1.9%
  • Occupancy: -3.6% to 77.9%
  • Average daily rate (ADR): +1.3% to EUR94.60
  • Revenue per available room (RevPAR): -2.3% to EUR73.73

The absolute occupancy level would be the second-highest for any November on record in Berlin, while ADR was the highest for a November. STR analysts note that the decline in demand was attributable to Air Berlin ceasing operations in late October.

STR will release full November 2017 results later this month. 

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