Home » Hotel Trends » Currently Reading:

STR releases preliminary September 2016 results for Berlin

October 17, 2016 Hotel Trends No Comments Email Email

STR’s preliminary September 2016 data for Berlin, Germany, indicates record performance for the month boosted by a number of events in the market.http://www.thavornpalmbeach.com/phuket-luxury-holiday-package/

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

  • A decrease in supply (-0.1%) and an increase in demand (+0.3%);
  • a 0.4% increase in occupancy to 90.0%;
  • a 15.3% increase in average daily rate (ADR) to EUR135.70; and
  • a 15.7% increase in revenue per available room (RevPAR) to EUR122.10.

The absolute occupancy, ADR and RevPAR levels would be the highest for any September on record in Berlin. The German capital hosted several major events during the month, including Lollapalooza Berlin 2016 (10-11 September), IFA Berlin consumer and electronics trade exhibition (2-7 September), ISTAF sporting festival (3 September) and the Berlin Biennale art festival (4 June-18 September).

STR will release actual September 2016 results later this month. The August edition of STR’s Market Forecast is now available.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS


Premier Partnership Sponsors

ADVERTISEMENTS


Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS