STR: Preliminary November data for Berlin hotels
 
STR: Preliminary November data for Berlin hotels
13 DECEMBER 2017 8:46 AM

Preliminary November data from STR shows hotels in Berlin saw occupancy decrease 3.6% to 77.9% during the month, while ADR rose 1.3% to €94.60 ($111.28) and RevPAR dropped 2.3% to €73.73 ($86.73).

LONDON—STR’s preliminary November 2017 data for Berlin, Germany, indicates solid performance levels even with year-over-year declines.

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

  • Supply: +1.8%
  • Demand: -1.9%
  • Occupancy: -3.6% to 77.9%
  • Average daily rate (ADR): +1.3% to EUR94.60
  • Revenue per available room (RevPAR): -2.3% to EUR73.73

The absolute occupancy level would be the second-highest for any November on record in Berlin, while ADR was the highest for a November. STR analysts note that the decline in demand was attributable to Air Berlin ceasing operations in late October.

STR will release full November 2017 results later this month.

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.