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%).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.