Berlin Hotel Performance
Berlin Hotel Performance Reaches 8-Month High in June
STR | July 17, 2023
LONDON— Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR. June 2023 (year-over-year % change): Occupancy: 83.1% (+1.5%) Average daily rate (ADR): EUR140.83 (+13.6%) Revenue per available room (RevPAR): EUR117.04 (+15.3%) When looking at daily data, Berlin saw its highest occupancy level on Tuesday, 20 June (at 96.3%). The second-highest occupancy level was reported on Wednesday, 28 June (95.4%), the date of PINK’s concert. Overall, the market’s occupancy levels surpassed the 90% mark 10 times in June and saw all but four days above...
Berlin Hotel Performance Increased in March
STR | April 13, 2023
LONDON – Aligned with seasonal trends, Berlin’s hotel industry reported higher levels of occupancy and revenue per available room (RevPAR) month over month, according to preliminary March 2023 data from STR. Occupancy: 67.6% Average daily rate (ADR): EUR112.14 Revenue per available room (RevPAR): EUR75.86 The ADR and RevPAR levels surpassed the 2019 comparables by 16.5% and 2.7%, respectively. Occupancy remained 12.0% lower than the pre-pandemic comparable. The market reported three days of daily occupancy above 80%: Wednesday, 29 March (83.5%), Tuesday, 28 March (82.6%), and Wednesday, 22 March (81.7%). The higher occ...
STR: Berlin Hotel Performance Fell in November
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: Berlin Hotel Performance Improved in March
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: Berlin Hotel Performance Fell Lower in January
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....
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
Are You Leaving Money on the Table? Turning Casino Resorts Into Go-To Venues for Profitable Groups and Events
AAHOA’s Hoteliers Push Forward Impactful National Advocacy Agenda in Washington, D.C.
We Work Hard to Make It Look Easy
STR Weekly Insights: 3 – 9 March 2024
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.