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.
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