STR: Berlin hotel performance increased in March

 

The ADR and RevPAR levels surpassed the 2019 comparables by 16.5% and 2.7%, respectively.

LONDON – Aligned with seasonal trends, Berlin’s hotel industry reported higher levels of occupancy and revenue per available room (RevPAR) month over month, according to preliminary March 2023 data from STR.

Occupancy: 67.6%

Average daily rate (ADR): EUR112.14

Revenue per available room (RevPAR): EUR75.86

The ADR and RevPAR levels surpassed the 2019 comparables by 16.5% and 2.7%, respectively. Occupancy remained 12.0% lower than the pre-pandemic comparable.

The market reported three days of daily occupancy above 80%: Wednesday, 29 March (83.5%), Tuesday, 28 March (82.6%), and Wednesday, 22 March (81.7%). The higher occupancy on weekdays points to improving corporate demand.

Source : www.traveldailynews.com