LONDON -- STR's preliminary April 2018 data for Munich, Germany, indicates significant demand and performance growth.

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

  • Supply: +5.0%
  • Demand: +7.1%
  • Occupancy: +2.0% to 73.1%
  • Average daily rate (ADR): +12.9% to EUR119.50
  • Revenue per available room (RevPAR): +15.1% to EUR87.30

This marked the first ADR and RevPAR increases for any month in Munich since December 2017. STR analysts credit the performance largely to the favorable side of the Easter calendar shift from April in 2017 to March in 2018. Analytica and ceramitec, which both occurred 10-13 April, also provided a performance boost. Typically, April performance fluctuates in the market due to off years for the bauma trade fair.

STR will release full April results later this month. The May edition of STR's Market Forecast will be available at the end of the 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 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.

Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR