STR: Preliminary March data for Berlin hotels
 
STR: Preliminary March data for Berlin hotels
10 APRIL 2018 9:04 AM

Berlin's hotels saw occupancy increase 2% in March to 76.7%, according to preliminary monthly data from STR. ADR decreased 1.6% to €97.47 ($120.51) and RevPAR rose just 0.4% to €74.76 ($92.44).

LONDON—STR’s preliminary March 2018 data for Berlin, Germany, indicates slight performance growth driven by high demand.

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

• Supply: +3.1%
• Demand: +5.2%
• Occupancy: +2.0% to 76.7%
• Average daily rate (ADR): -1.6% to EUR97.47
• Revenue per available room (RevPAR): +0.4% to EUR74.76

STR analysts note that this is the first March ADR decline in Berlin since 2012. While ITB Berlin 2018 (7-11 March) pushed performance during the beginning of the month, the Easter calendar shift likely resulted in price-sensitive leisure demand rather than corporate business at the end of the month.

STR will release full March results later this month. The January edition of STR’s Market Forecast and the 2017 Global Hotel Study are now available.

International Media Contacts:

Alex Anstett
Marketing & Communications
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.

5 Comments

  • Buff April 20, 2018 7:21 PM Reply

    Thanks for shgrnia. What a pleasure to read!

  • Dragon April 21, 2018 1:53 AM Reply

    Your website has to be the elntrcoeic Swiss army knife for this topic.

  • Dragon April 21, 2018 1:53 AM Reply

    Your website has to be the elntrcoeic Swiss army knife for this topic.

  • Jayne April 22, 2018 2:16 AM Reply

    Wowza, problem solved like it never hanepped.

  • Jayne April 22, 2018 2:16 AM Reply

    Wowza, problem solved like it never hanepped.

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.