STR: Berlin hotel performance improved in March

Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR.

• Occupancy: 51.3%
• Average daily rate (ADR): EUR84.98
• Revenue per available room (RevPAR): EUR43.57

The occupancy and RevPAR levels were the highest in the market since November 2021. These levels were still 30% and 40% below the pre-pandemic comparables from 2019, respectively.

Daily data shows that Berlin’s weekday and weekend performance is more aligned, pointing to increased business demand during the weekdays.

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