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STR will release full June results for Munich later in July STR will release full June results for Munich later in July

June Demand Up for Munich Hotels – STR

Hotel industry benchmarker STR’s preliminary June data for Munich, Germany, indicates hotel performance consistent with significant demand.

In June year-over-year data, Munich hotels showed a 13.6 percent increase in demand.

This outpaced supply growth (up 5.2 percent), resulting in a 7.9 percent boost in occupancy and increases of 8.6 percent in Average daily rate (ADR) and 17.2 percent in Revenue per available room.

Based on the daily data from June, Munich reported the following in year-over-year comparisons: Supply: up 5.2 percent, Demand: up 13.6 percent, Occupancy: up 7.9 percent to 81.3 percent, ADR: up 8.6 percent to EUR128.87 (USD150.77), (RevPAR): up 17.2 percent to EUR104.78 (USD122.58).

STR analysts contribute performance increases to multiple events held during the month, specifically Automatica 2018 and Intersolar Europe.