STR: Preliminary March 2017 data for Berlin hotels
 
STR: Preliminary March 2017 data for Berlin hotels
10 APRIL 2017 7:17 AM

According to preliminary March data from STR, hotels in Berlin saw occupancy increase 3.8% to 75.2%, ADR increase 6.8% to €100.58 ($106.36) and RevPAR increase 10.9% to €75.67 ($80.02). 

LONDON—STR’s preliminary March 2017 data for Berlin, Germany, indicates significant occupancy levels.

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

  • Supply: +0.3%
  • Demand: +4.1%
  • Occupancy: +3.8% to 75.2%
  • Average daily rate (ADR): +6.8% to EUR100.58
  • Revenue per available room (RevPAR): +10.9% to EUR75.67

The absolute occupancy level would be the highest for any March on record in Berlin. Demand was helped by the ITB Berlin travel trade show (8-12 March). From 7-9 March, occupancy was 95.4%, 97.6% and 92.2%.

STR will release actual March 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

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.