Hotel Report April 2020
Performance Analysis: March 2020 in Some Major Destinations in Germany
To speak of growth rates in the evaluation of hotel key figures in these times may seem sarcastic to some people. This is why we are not commenting on the performance indicators of the hotel industry in the A-destinations in March. After all, it is well known why things are the way they are.
In addition, we would like to note that of the 1742 hotels participating in the Fairmas Benchmarkmarking across Germany, around 40% have informed us that they are temporarily suspending hotel operations. The overwhelming majority decided to take this measure around 20 March.
We would like to thank the German Tourism Association (DTV) for the documentation of the current official regulations of the federal states.*
Across Germany, the occupancy rate closed at 29.3% in March 2020. The average room rate reached the value of € 98.20 and the RevPar balanced at € 28.70.
A note concerning the future:
We have also decided to pause. We are optimistically planning to provide you again next time in June with current facts and figures on the German hotel market and the trend for the next 3 months.
Until then, we wish you all the best! Stay safe and healthy!
Your Fairmas Hotel Report Team