Berlin Hotels Report RevPAR Drop for November 2017
Preliminary November data from STR shows hotels in Berlin saw occupancy decrease 3.6% to 77.9% during the month, while ADR rose 1.3% to 94.60 ($111.28) and RevPAR dropped 2.3% to 73.73 ($86.73).
STR’s preliminary November 2017 data for Berlin, Germany, indicates solid performance levels even with year-over-year declines.
Based on daily data from November, Berlin reported the following in year-over-year comparisons:
- Supply: +1.8%
- Demand: -1.9%
- Occupancy: -3.6% to 77.9%
- Average daily rate (ADR): +1.3% to EUR94.60
- Revenue per available room (RevPAR): -2.3% to EUR73.73
The absolute occupancy level would be the second-highest for any November on record in Berlin, while ADR was the highest for a November. STR analysts note that the decline in demand was attributable to Air Berlin ceasing operations in late October.
STR will release full November 2017 results later this month.
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