STR: Preliminary November data for Berlin hotels

STR’s preliminary November 2017 data for Berlin, Germany, indicates solid performance levels even with year-over-year declines. 

Based on daily data from November, Berlin reported the following in year-over-year comparisons:

• Supply: +1.8%
• Demand: -1.9%
• Occupancy: -3.6% to 77.9%
• Average daily rate (ADR): +1.3% to EUR94.60
• Revenue per available room (RevPAR): -2.3% to EUR73.73

The absolute occupancy level would be the second-highest for any November on record in Berlin, while ADR was the highest for a November. STR analysts note that the decline in demand was attributable to Air Berlin ceasing operations in late October.

STR will release full November 2017 results later this month.