LONDON -- STR's preliminary September 2016 data for Berlin, Germany, indicates record performance for the month boosted by a number of events in the market.

Based on daily data from September, Berlin reported the following in year-over-year comparisons:

  • A decrease in supply (-0.1%) and an increase in demand (+0.3%);
  • a 0.4% increase in occupancy to 90.0%;
  • a 15.3% increase in average daily rate (ADR) to EUR135.70; and
  • a 15.7% increase in revenue per available room (RevPAR) to EUR122.10.

The absolute occupancy, ADR and RevPAR levels would be the highest for any September on record in Berlin. The German capital hosted several major events during the month, including Lollapalooza Berlin 2016 (10-11 September), IFA Berlin consumer and electronics trade exhibition (2-7 September), ISTAF sporting festival (3 September) and the Berlin Biennale art festival (4 June-18 September).

STR will release actual September 2016 results later this month. The August edition of STR's Market Forecast is now available.

About STR

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.

Alex Anstett
Media & Communications Coordinator - STR
STR