LONDON -- STR's preliminary August 2017 data for Munich, Germany, indicates a significant increase in demand.

Based on daily data from August, Munich reported the following in year-over-year comparisons:

  • Supply: +4.3%
  • Demand: +8.2%
  • Occupancy: +3.8% to 76.8%
  • Average daily rate (ADR): +0.2% to EUR113.93
  • Revenue per available room (RevPAR): +3.9% to EUR87.54

Despite significant supply growth, Munich hotels experienced high occupancy levels during the primary month of school break season. At the same time, STR analysts note that Munich's nearly flat rate growth was likely the result of additional supply affecting the market's room prices.

STR will release full August 2017 results later this month.

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