STR: Berlin hotel performance increased in March
Aligned with seasonal trends, Berlin’s hotel industry reported higher levels of occupancy and revenue per available room (RevPAR) month over month, according to preliminary March 2023 data from STR.
LONDON – Aligned with seasonal trends, Berlin’s hotel industry reported higher levels of occupancy and revenue per available room (RevPAR) month over month, according to preliminary March 2023 data from STR.
- Occupancy: 67.6%
- Average daily rate (ADR): EUR112.14
- Revenue per available room (RevPAR): EUR75.86
The ADR and RevPAR levels surpassed the 2019 comparables by 16.5% and 2.7%, respectively. Occupancy remained 12.0% lower than the pre-pandemic comparable.
The market reported three days of daily occupancy above 80%: Wednesday, 29 March (83.5%), Tuesday, 28 March (82.6%), and Wednesday, 22 March (81.7%). The higher occupancy on weekdays points to improving corporate demand.
More of STR’s analysis can be found here.
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