Cologne Hotel ADR and RevPAR Reached Record-High Thanks to Euros

CoStar Group | July 10, 2024

WASHINGTON – 10 July 2024 – Pushed by the 2024 UEFA European Football Championship, Cologne’s hotel industry recorded its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to June preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (year-over-year % change): Occupancy: 81.2% (+7.9%) ADR: EUR174.18 (+35.5%) RevPAR: EUR141.47 (+46.2%) In addition to the all-time highs in monthly ADR and RevPAR, occupancy was the highest for the market since November 2019.  ...