LONDON—Amid rising COVID cases and subsequent restrictions, Berlin’s hotel industry reported lower occupancy but higher room rates, according to preliminary November 2021 data from STR.
- Occupancy: 57.4%
- Average daily rate (ADR): EUR92.45
- Revenue per available room (RevPAR): EUR53.09
The occupancy level was the lowest in the market since July and roughly 30% lower than November 2019. A month earlier in October, Berlin’s 70.1% occupancy level was just 16% lower than the pre-pandemic comparable.
At the same time, the market’s ADR was its second highest since March 2020, behind only September 2021 (EUR93.47).
All of STR’s COVID-19 analysis can be found here.
About STR
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 str.com and costargroup.com.
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