LONDON -- STR's preliminary March 2017 data for Berlin, Germany, indicates significant occupancy levels.

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

  • Supply: +0.3%
  • Demand: +4.1%
  • Occupancy: +3.8% to 75.2%
  • Average daily rate (ADR): +6.8% to EUR100.58
  • Revenue per available room (RevPAR): +10.9% to EUR75.67

The absolute occupancy level would be the highest for any March on record in Berlin. Demand was helped by the ITB Berlin travel trade show (8-12 March). From 7-9 March, occupancy was 95.4%, 97.6% and 92.2%.

STR will release actual March 2017 results later this month. The February 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