Berlin hotel performance reaches 8-month high in June
Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR.
Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR.
June 2023 (year-over-year % change)
- Occupancy: 83.1% (+1.5%)
- Average daily rate (ADR): EUR140.83 (+13.6%)
- Revenue per available room (RevPAR): EUR117.04 (+15.3%)
When looking at daily data, Berlin saw its highest occupancy level on Tuesday, 20 June (at 96.3%). The second-highest occupancy level was reported on Wednesday, 28 June (95.4%), the date of PINK’s concert.
Overall, the market’s occupancy levels surpassed the 90% mark 10 times in June and saw all but four days above 70%.
More of STR’s analysis can be found here.