According to the latest city review by Christie + Co, using data provided by STR Global, Hamburg hotels recorded a 3.1% decrease in RevPAR during the first quarter of 2009 compared to the same period in 2008. Preliminary figures for April suggest that this downward trend is continuing with a further 18.2% drop in RevPAR compared to the previous year. Hamburg is the second largest city in Germany and ranks amongst the country’s most popular city break destinations, attracting a balanced mix of business and leisure travellers. Home to the second largest harbour in Europe, Hamburg is often referred to as ‘The Gateway to the World’ and is also considered the German capital of musicals. In addition, the borough of St. Pauli, including the famous Reeperbahn area, as well as the Hamburg Harbour Birthday Festival and many international trade fairs and exhibitions, attract millions of business and leisure guests annually.