Berlin Hotels Report Occupancy and ADR Drop for September 2017
STR analysts attribute Berlins performance declines to an off year for the biennial InnoTrans trade fair for transport technology. Last years fair helped the markets RevPAR increase more than 100% during the four days it was held in September.
STR’s preliminary September 2017 data for Berlin, Germany, indicates an overall performance decline.
Based on daily data from September, Berlin reported the following in year-over-year comparisons:
- Supply: +2.0%
- Demand: +0.2%
- Occupancy: -1.7% to 88.5%
- Average daily rate (ADR): -7.9% to EUR121.73
- Revenue per available room (RevPAR): -9.6% to EUR107.73
STR analysts attribute Berlin’s performance declines to an off year for the biennial InnoTrans trade fair for transport technology. Last year’s fair helped the market’s RevPAR increase more than 100% during the four days it was held in September.
STR will release full September 2017 results later this month.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Categories: Hotel Industry News