Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR.
June 2023 (year-over-year % change):
- Occupancy: 83.1% (+1.5%)
- Average daily rate (ADR): EUR140.83 (+13.6%)
- Revenue per available room (RevPAR): EUR117.04 (+15.3%)
When looking at daily data, Berlin saw its highest occupancy level on Tuesday, 20 June (at 96.3%).
The second-highest occupancy level was reported on Wednesday, 28 June (95.4%), the date of PINK’s concert.
Overall, the market’s occupancy levels surpassed the 90% mark 10 times in June and saw all but four days above 70%.
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 www.str.com
