Berlin hotel room rates jumped during an eventful July

WASHINGTON – Boosted by three key events, hotel industry of Berlin posted its highest July levels in average daily rate (ADR) and revenue per available room (RevPAR), according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

July 2024 (year-over-year % change):

• Occupancy: 77.9% (-0.1%)
• ADR: EUR136.94 (+17.3%)
• RevPAR: EUR106.73 (+17.2%)

The 14 July final of the UEFA European Football Championship between Spain and England pushed the market’s ADR to EUR353.56 (+171.4% year over year) and RevPAR to EUR308.77 (+189.2%).

Berlin’s highest daily occupancy level was posted on Saturday, 27 July (88.8%) – the night of Christopher Street Day. The second highest occupancy (88.6%) was recorded on both the second and third nights of Berlin Fashion Week (2-3 July).

Overall, the market’s occupancy levels remained above the 70% mark for all but five days.

Berlin, Germany’s capital, dates to the 13th century. Reminders of the city’s turbulent 20th-century history include its Holocaust memorial and the Berlin Wall’s graffitied remains. Divided during the Cold War, its 18th-century Brandenburg Gate has become a symbol of reunification. The city’s also known for its art scene and modern landmarks like the gold-colored, swoop-roofed Berliner Philharmonie, built in 1963

CoStar’s world-leading hotel performance sample comprises 83,000 properties and 10.8 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

Theodore Koumelis

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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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