Berlin hotels experienced improved performance in May, driven by events like CWIEME Berlin and Desertfest, resulting in higher occupancy and revenue, according to CoStar data.
WASHINGTON – Helped by a number of events, Berlin hotels saw improved performance in May, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
May 2024 (year-over-year % change):
- Occupancy: 78.8% (+2.6%)
- Average daily rate (ADR): 133.90 euros (+6.0%)
- Revenue per available room (RevPAR): 105.57 euros (+8.7%)
The German city was the host of several events in May, including CWIEME Berlin,…