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STR: Preliminary May data for Berlin hotels

June 15, 2018 Hotel Trends No Comments Email Email

STR’s preliminary May 2018 data for Berlin, Germany, indicates mostly negative performance.

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

  • Supply: +2.7%
  • Demand: -0.6%
  • Occupancy: -3.3% to 78.7%
  • Average daily rate (ADR): -0.4% to EUR103.55
  • Revenue per available room (RevPAR): -3.7% to EUR81.51

STR analysts note that although there was a decline in RevPAR, this is the second-highest absolute RevPAR level for any May on record in Berlin. Consistent supply growth with stagnant demand has lowered performance levels. Due to public holidays and the Pentecost holiday period, there was only one full business week in May.

When looking at daily data, ADR and RevPAR were helped by the 2018 DFB-Pokal Final and the 2018 Berlin ePrix on 19 May, when ADR and RevPAR rose 69.7% and 79.5%, respectively.

STR will release full May results later this month. The May edition of STR’s Market Forecast is available now for Berlin and a host of other markets across the globe.   

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