STR: Preliminary December data for Munich hotels

STR Europe

STR: Preliminary December data for Munich hotels

STR: Preliminary December data for Munich hotels

STR’s preliminary December 2017 data for Munich, Germany, indicates rate-driven performance growth.

Based on daily data from December, Munich reported the following in year-over-year comparisons:

  • Supply: +3.7 percent
  • Demand: +3.9 percent
  • Occupancy: +0.3 percent to 68.7 percent
  • Average daily rate (ADR): +4.9 percent to EUR118.24
  • Revenue per available room (RevPAR): +5.2 percent to EUR81.27

STR analysts credit the Clinical Operations in Oncology Trials (5-6 December) as a driver of performance during the month. On 5 December specifically, occupancy reached 95.0 percent, and ADR jumped to EUR155.42. 

Additionally, solid performance growth was seen during the Christmas to New Year’s holiday period. From 23-31 December, Munich reported six days with double-digit RevPAR growth. 

STR will release full December and total-year 2017 results later this month. The January edition of STR’s market forecast will be available by the end of the month.

Source = STR
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