STR: Preliminary July data for Berlin hotels
STR: Preliminary July data for Berlin hotels
10 AUGUST 2017 7:38 AM

According to STR preliminary July data, Berlin hotels reported occupancy was mostly flat (-0.1% to 82.4%), while ADR increased 14.1% to €93.01 ($109.14) and RevPAR rose 14% to €76.68 ($89.98).

LONDON—STR’s preliminary July 2017 data for Berlin, Germany, indicates strong rate growth helped by events in the market.

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

  • Supply: +2.2%
  • Demand: +2.1%
  • Occupancy: -0.1% to 82.4%
  • Average daily rate (ADR): +14.1% to EUR93.01
  • Revenue per available room (RevPAR): +14.0% to EUR76.68

The German capital’s rate performance was boosted by Berlin Fashion Week, which shifted from the last week of June in 2016 to the first week of July this year (4-7 July). Berlin also hosted the Lesbian and Gay City Festival (15-16 July). STR analysts attribute the market’s marginal dip in occupancy to supply growth.

STR will release actual July 2017 results later this month.

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