STR: Preliminary September data for Berlin hotels
LONDON - Berlin’s hotel industry reported its second-best occupancy and highest room rates of the pandemic-era, according to preliminary September 2021 data from STR.
- Occupancy: 61.3%
- Average daily rate (ADR): EUR95.01
- Revenue per available room (RevPAR): EUR58.20
The absolute ADR level was the highest in Berlin since March 2020, while RevPAR was the highest since February 2020. Occupancy was slightly lower than a domestic-driven 65.4% in August but was still the market’s second highest level since February 2020.
Even with the overall improvement, Berlin’s performance remained well below the pre-pandemic comparables from September 2019: occupancy (88.6%), ADR (EUR125.50) and RevPAR (EUR111.22).
All of STR’s COVID-19 analysis can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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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