LONDON—Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR.
- Occupancy: 51.3%
- Average daily rate (ADR): EUR84.98
- Revenue per available room (RevPAR): EUR43.57
The occupancy and RevPAR levels were the highest in the market since November 2021. These levels were still 30% and 40% below the pre-pandemic comparables from 2019, respectively.
Daily data shows that Berlin’s weekday and weekend performance is more aligned, pointing to increased business demand during the weekdays.
All of STR’s COVID-19 analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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