STR: Preliminary June data for Munich hotels
STR's preliminary June 2017 data for Munich, Germany, indicates sizeable performance declines in comparison with a strong June last year. Based on daily data from June, Munich reported the following in year-over-year comparisons:
LONDON -- STR's preliminary June 2017 data for Munich, Germany, indicates sizeable performance declines in comparison with a strong June last year.
Based on daily data from June, Munich reported the following in year-over-year comparisons:
- Supply: +2.4%
- Demand: -6.0%
- Occupancy: -8.2% to 75.5%
- Average daily rate (ADR): -8.5% to EUR121.03
- Revenue per available room (RevPAR): -16.0% to EUR91.36
The absolute RevPAR level would be the lowest for a June in Munich since 2011. According to Christian Strieder, STR's in-market manager for Germany, a calendar shift for the Whitsun school holiday period from May to June this year likely affected corporate demand. In addition, the comparison base from June 2016 was high as the market hosted the World Conference on Non-Destructive Testing, a quadrennial event, and the biennial Automatica trade fair for smart automation and robotics.
STR will release actual June 2017 results later this month.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
Media Contact
Alex Anstett
Media & Communications Coordinator - STR [email protected]