LONDON -- STR's preliminary September 2017 data for Berlin, Germany, indicates an overall performance decline.

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

  • Supply: +2.0%
  • Demand: +0.2%
  • Occupancy: -1.7% to 88.5%
  • Average daily rate (ADR): -7.9% to EUR121.73
  • Revenue per available room (RevPAR): -9.6% to EUR107.73

STR analysts attribute Berlin's performance declines to an off year for the biennial InnoTrans trade fair for transport technology. Last year's fair helped the market's RevPAR increase more than 100% during the four days it was held in September.

STR will release full September 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