Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.
- Occupancy: 69.0%
- Average daily rate (ADR): EUR109.75
- Revenue per available room (RevPAR): EUR75.73
The market’s ADR level surpassed the 2019 comparable (+13.7%), but occupancy and RevPAR remained below November 2019 by 15.8% and 4.4%, respectively.
Berlin hotels continue to show strong weekday levels, which points to increased business demand. The highest daily occupancy levels for the month were recorded on 9 and 24 November, at 86.1% and 82.3%, respectively.
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.