WASHINGTON – 18 September 2024 – Adele’s 10-day residency drove significant performance growth for Munich’s hotel industry, according to August 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Adele performed a total of 10 nights at the Messe München, pushing double-digit growth across the August metrics: occupancy (+15.9% to 77.0%), ADR (+46.6% to EUR159.04) and RevPAR (+69.9% to EUR122.46).
The ADR and RevPAR levels were the highest for any August on record in Munich, while occupancy was the highest for August since 2017.
The market posted its highest ADR (+99.5% to EUR228.52) and RevPAR (+138.9% to EUR211.04) on opening night (2 August), while occupancy was the highest on 30 August (+44.2% to 93.7%).
Room rates exceeded EUR200 on nine of 10 concert nights. The peak ADR was Munich’s ninth highest this year, but surpassed levels seen during Taylor Swift’s Eras Tour in late-July (EUR208 on 27 July and EUR166 on 28 July).
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