Berlin Hotels Report RevPAR Increase for January 2018
STR’s preliminary January 2018 data for Berlin, Germany, indicates steady performance growth.
Based on daily data from January, Berlin reported the following in year-over-year comparisons:
- Supply: +3.4%
- Demand: +4.3%
- Occupancy: +0.9% to 59.2%
- Average daily rate (ADR): +1.1% to EUR84.60
- Revenue per available room (RevPAR): +2.0% to EUR50.05
STR analysts note that RevPAR has now increased for nine consecutive Januarys in Berlin. The month’s stable performance levels were once again supported by demand from a pair of recurring January events: Berlin Fashion Week and International Green Week Berlin.
STR will release full January results later this month. The January edition of STR’s market forecast is now available.
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