New performance data from Berlin, Riyadh, Sydney

STR released January 2021 performance data on Thursday for Berlin, Riyadh and Sydney. Here is a summary: Berlin performance up slightly STR’s preliminary January 2021 data for Berlin hotels showed slightly higher performance levels compared with the previous month but at overall low levels. Occupancy: 12.1% (-81.3%)ADR: €63.34 (US$77) (-25.3%)RevPAR: €7.68 (US$9) (-86.1%) The absolute occupancy and RevPAR levels were up from December 2020. With new and stricter lockdown rules extended in Berlin, daily occupancy remained under 20% during the month. Riyadh’s performance highest since the start of the pandemic Riyadh’s hotel industry reported its highest overall performance since the…
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