In June year-over-year data, Munich hotels showed a 13.6% increase in demand, which outpaced supply growth (+5.2%), resulting in a 7.9% boost in occupancy and increases of 8.6% in ADR and 17.2% in RevPAR.
STR’s preliminary June 2018 data for Munich, Germany, indicates hotel performance consistent with significant demand.
Based on daily data from June, Munich reported the following in year-over-year comparisons:
- Supply: +5.2%
- Demand: +13.6%
- Occupancy: +7.9% to 81.3%
- Average daily rate (ADR): +8.6% to EUR128.87
- Revenue per available room (RevPAR): +17.2% to EUR104.78
STR analysts contribute performance increases to multiple events held during the month, specifically Automatica 2018 and Intersolar Europe.
STR will release full June results later this month. The May edition of STR’s Market Forecast is available now for Munich and a host of other markets across the globe.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.