STR: Preliminary December 2016 data for Munich
 
STR: Preliminary December 2016 data for Munich
11 JANUARY 2017 8:23 AM

According to preliminary December 2016 data from STR, Munich reported a 0.8% occupancy decrease to 69%, a 3.6% ADR decrease to €119.87 ($125.93) and a 4.4% RevPAR drop to €82.69 ($86.89).

LONDON—STR’s preliminary December 2016 data for Munich, Germany, indicates overall performance declines.

Based on daily data from December, Munich reported the following in year-over-year comparisons:

  • Supply: +2.8%
  • Demand: +1.9%
  • Occupancy: -0.8% to 69.0%
  • Average daily rate (ADR): -3.6% to EUR119.87
  • Revenue per available room (RevPAR): -4.4% to EUR82.69

STR analysts note that the decreases seem to be due to a strong decline in leisure business between Christmas and New Year’s Eve. The usually strong pre-Christmas weekends, popular for international visitors, were not enough to offset that negative performance.

STR will release actual December 2016 results later this month. The November edition of STR’s Market Forecast is now available.

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.