Munich, Germany hotels record strong performance

Hampton by Hilton and Hilton Garden Inn Munich City West, Germany. Photo credit: Hilton(Image: Hilton)

Hotels in Munich reported hotel performance consistent with significant demand in STR’s preliminary June 2018 data. 

Hotel supply in the city increased 5.2 percent as demand grew 13.6 percent. Occupancy across the city increased 7.9 percent to 81.3 percent. In response, ADR grew 8.6 percent to €128.87, allowing RevPAR to surge 17.2 percent to €104.78. Multiple events in Europe held during the month contributed to the strong performance growth, specifically Automatica 2018 and Intersolar Europe. 

The market's performance has shown signs of recovery since April 2018. Supply and demand rebounded during that month, growing 5.0 percent and 7.1 percent, respectively. Occupancy grew 2.0 percent to 73.1 percent in response to these positive factors, allowing ADR to rise 12.9 percent to €119.50 and RevPAR to surge 15.1 percent to €87.30.

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Germany has a total of 246 hotel projects under construction, as of June 11, 2018, sharing the lead with London. The country also has the largest pipeline of guestrooms for the region at 47,927. Munich had the third largest hotel development pipeline in the country with 26 projects and 5,664 guestrooms in June. The city follows Frankfurt, which has 29 projects and 6,174 guestrooms under construction, and Hamburg, which has 27 projects and 13,601 currently guestrooms under construction.

One of the most recent additions to Munich’s supply opened on July 11, 2018. The Hampton by Hilton Munich City West is the first property of the brand in the city. The new hotel is near local businesses, shops and Marienplatz central square.