Industry Update
Press Release11 June 2020

STR: Preliminary May data for Berlin hotels

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STR's preliminary data for Berlin hotels showed slight improvement from April but record lows for May.

Comparison with May 2019:

  • Occupancy: -88.0% to 10.0%
  • Average daily rate (ADR): -28.6% to EUR76.84
  • Revenue per available room (RevPAR): -91.4% to EUR7.72

The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR's Berlin database. STR analysts note that May bank holidays helped push slightly better performance than April (occupancy: 8.3%, ADR: EUR71.90).

All of STR's COVID-19 analysis can be found here.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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