Berlin Hotel Performance
STR | December 12, 2022
LONDON – Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR. Occupancy: 69.0% Average daily rate (ADR): EUR109.75 Revenue per available room (RevPAR): EUR75.73 The market’s ADR level surpassed the 2019 comparable (+13.7%), but occupancy and RevPAR remained below November 2019 by 15.8% and 4.4%, respectively. Berlin hotels continue to show strong weekday levels, which points to increased business demand. The highest daily occupancy levels for the month were recorded on 9 and 24 November, at 86.1% and 82.3%, respectively. More of STR’s analysis...
STR | April 13, 2022
LONDON — April 13, 2022 — Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR. Occupancy: 51.3% Average daily rate (ADR): EUR84.98 Revenue per available room (RevPAR): EUR43.57 The occupancy and RevPAR levels were the highest in the market since November 2021. These levels were still 30% and 40% below the pre-pandemic comparables from 2019, respectively. Daily data shows that Berlin’s weekday and weekend performance is more aligned, pointing to increased business demand during the weekdays. All of STR’s COVID-19 analysis can be fo...
STR | February 15, 2022
LONDON — February 15, 2022 — With tight pandemic restrictions, Berlin’s hotel industry reported lower performance than months prior, according to preliminary January 2022 data from STR. Occupancy: 28.2% Average daily rate (ADR): EUR75.85 Revenue per available room (RevPAR): EUR21.41 The occupancy level was the lowest in the market since June 2021, while ADR was the lowest since July 2021. Daily data shows Berlin’s hotel occupancy came in at 38.7% on New Year’s Day, substantially lower than occupancy recorded on the same day in 2020 (75.3%) and 2019 (68.8%). All of STR’s COVID-19 analysis can be found here....
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