STR: Preliminary June data for Munich hotels
Based on daily data from June, Munich reported the following in year-over-year comparisons:
- Supply: +5.2%
- Demand: +13.6%
- Occupancy: +7.9% to 81.3%
- Average daily rate (ADR): +8.6% to EUR128.87
- Revenue per available room (RevPAR): +17.2% to EUR104.78
STR analysts contribute performance increases to multiple events held during the month, specifically Automatica 2018 and Intersolar Europe.
STR will release full June results later this month. The May edition of STR's Market Forecast is available now for Munich and a host of other markets across the globe.
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