STR: Preliminary February data for Munich hotels
 
STR: Preliminary February data for Munich hotels
10 MARCH 2017 8:05 AM

The Munich hotel market reported a 5.9% occupancy increase to 72%, according to STR's preliminary February 2017 data. ADR rose 10.9% to €126.27 ($133.56) and RevPAR climbed 17.5% to €90.85 ($96.09).

LONDON—STR’s preliminary February 2017 data for Munich, Germany, indicates strong performance growth.

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

  • Supply: +2.7%
  • Demand: +8.7%
  • Occupancy: +5.9% to 72.0%
  • Average daily rate (ADR): +10.9% to EUR126.27
  • Revenue per available room (RevPAR): +17.5% to EUR90.85

STR analysts attribute the spike in demand and ADR to special events such as ISPO Munich, sports business trade fair (5-8 February); Munich Security Conference (17-19 February); and Inhorgenta Munich, international jewelry and watch exhibition (18-21 February).

Additionally, a double-digit decline in RevPAR last February created a lower basis for comparison.

STR will release actual February 2017 results later this month. The February 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

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