Berlin Hotels
Berlin Market Pulse 2024 – A Bright Outlook
Julia Dzerkach | July 29, 2024
Berlin, Germany’s largest city with a population exceeding 3.7 million, is a vibrant hub of culture, innovation and diversity. Renowned for its top universities, dynamic sports events, world-class museums and captivating arts scene, Berlin offers a rich tapestry of experiences. With residents of 190 different nationalities, Berlin embraces inclusivity and creativity, making it a truly cosmopolitan destination. Tourism Demand As a business, leisure and meetings destination, there are many reasons to visit Berlin. Its economy is led by the service, technology and creative sectors, strengthened by the city’s emphasis on research and de...
STR: Berlin Hotels Post Best Performance Since Late 2019
STR | June 17, 2022
LONDON—Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR. Occupancy: 77.9% Average daily rate (ADR): EUR114.19 Revenue per available room (RevPAR): EUR88.90 The absolute occupancy level was the highest in the market since November 2019 but still came in 6.7% lower than the pre-pandemic comparable (May 2019). The absolute ADR and RevPAR levels exceeded 2019 comparables and were the highest in the market since September 2019. All of STR’s COVID-19 analysis can be found here....
STR: Berlin Hotel Performance Fell Lower in January
STR | February 15, 2022
LONDON — February 15, 2022 — With tight pandemic restrictions, Berlin’s hotel industry reported lower performance than months prior, according to preliminary January 2022 data from STR. Occupancy: 28.2% Average daily rate (ADR): EUR75.85 Revenue per available room (RevPAR): EUR21.41 The occupancy level was the lowest in the market since June 2021, while ADR was the lowest since July 2021. Daily data shows Berlin’s hotel occupancy came in at 38.7% on New Year’s Day, substantially lower than occupancy recorded on the same day in 2020 (75.3%) and 2019 (68.8%). All of STR’s COVID-19 analysis can be found here....
STR: Preliminary September Data for Berlin Hotels
STR | October 12, 2021
LONDON — October 12, 2021 — Berlin’s hotel industry reported its second-best occupancy and highest room rates of the pandemic-era, according to preliminary September 2021 data from STR. Occupancy: 61.3% Average daily rate (ADR): EUR95.01 Revenue per available room (RevPAR): EUR58.20 The absolute ADR level was the highest in Berlin since March 2020, while RevPAR was the highest since February 2020. Occupancy was slightly lower than a domestic-driven 65.4% in August but was still the market’s second highest level since February 2020. Even with the overall improvement, Berlin’s performance remained well below the pre-p...
STR: Preliminary July Data for Berlin Hotels
STR | August 13, 2021
LONDON — August 13, 2021 — STR’s preliminary July 2021 data shows Berlin with its highest performance levels since the start of the pandemic. Occupancy: 48.5% Average daily rate (ADR): EUR75.80 Revenue per available room (RevPAR): EUR36.76 The absolute occupancy and RevPAR levels were the highest for any month in Berlin since February 2020, while the ADR level was the highest since October 2020. All of STR’s COVID-19 analysis can be found here....
