STR: Preliminary September data for Berlin hotels
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:
LONDON -- 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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