Munich hotels experienced significant gains in ADR and RevPAR during Expo Real, with occupancy peaking during key events in October 2024.
WASHINGTON – Munich hotels saw a spike in average daily rate (ADR) and revenue per available room (RevPAR) during Expo Real, according to October preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Wirth more than 40,000 participants from 75 countries and regions, 1,778 exhibitors from 34 countries, the international trade fair for property and investment took place from October 7 to 9, 2024 at the exhibition center in Munich. The next EXPO REAL will be held in Munich from October 6 to 8, 2025.
October 2024 (year-over-year % change):
- Occupancy: 78.5% (+5.6%)
- ADR: 162.73 euros (+9.6%)
- RevPAR: 127.73 euros (+15.7%)
The annual Expo Real fair took place at Messe München between 7-9 October and pushed Munich’s ADR (EUR317.24) and RevPAR (EUR288.50) to monthly highs on Monday the 7th. On the same night, occupancy climbed to 90.9%
The market’s second highest ADR and RevPAR were posted the following night (Tuesday, 8 October), at EUR302.74 and EUR274.58, respectively.
The highest occupancy level (93.2%) was seen on Tuesday, 22 October—the night before the World Forum and the UEFA Championships League game between Barcelona and Bayern Munich. Munich’s occupancy remained above 60% throughout the month except for four days.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
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