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STR: Preliminary October data for Munich hotels

November 13, 2017 Hotel Trends No Comments Email Email

STR’s preliminary October 2017 data for Munich, Germany, indicates a significant increase in demand. http://www.lagunaphuket.com/events/event.php?event=3

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

  • Supply: +2.9%
  • Demand: -0.3%
  • Occupancy: -3.1% to 79.9%
  • Average daily rate (ADR): +1.6% to EUR144.00
  • Revenue per available room (RevPAR): -1.5% to EUR115.04

This would mark the first time since 2009 that October occupancy in Munich dipped below 80%. STR analysts note that while demand was nearly flat year over year, supply grew by more than 2.5% for the fifth consecutive month and seventh time overall in 2017.

The market’s absolute occupancy level was lifted near the end of the month by the Eat & Style food festival (27-29 October).

STR will release full October 2017 results later this month.

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