Berlin’s hotel industry reached its highest levels in occupancy and revenue per available room (RevPAR) despite the uncertainty around an economic recession, according to 2019 data from STR.
Thanks to healthy demand growth and a lack of significant supply increases, occupancy rose 1.5% to 79.2%, driving RevPAR growth of 1.4% to EUR 78.87 (USD 86.33). Average daily rate (ADR), on the other hand, fell slightly (-0.1%) to EUR 99.53 (USD 108.95).
“Berlin has become, after London and Paris, one of the most popular leisure destinations in Europe,” said Christian Strieder, country manager of DACH (Germany, Austria and Switzerland) at STR. “At the same time, the German capital has also grown in popularity for meetings, incentives, conferences and exhibitions (MICE) business.”