Hotel Report June 2021
Performance Analysis: May 2021 in some major destinations in Germany
The incidence rates are falling and hotels are finally allowed to open their doors wide again and welcome tourists.
Northern Germany, in particular, was faster than the others in this aspect. On May 19, Schleswig-Holstein (Germany’s northernmost state) already gave a warm welcome to all newcomers on its own website and launched the ” Corona Model Project,” which is the obligation to carry out regular and close-meshed Corona rapid tests.
A look at the key figures in the Whitsun event period makes it clear how positively this early opening strategy affected the hotel industry on-site. In the northernmost state, the occupancy rate at Whitsun (calculated on physical room capacity) was 54.6%, the average room rate reached € 168.40, the RevPar € 92.00. Based on actual room capacity (i.e., only hotels that were actually open were considered), the occupancy and RevPar values were 66.5% and € 112.10, respectively. Sylt (Island in Schleswig-Holstein) performed even better – and indeed, the good demand also allowed for price increases.
Other regions and cities could only dream of such values: Germany-wide, the occupancy rate at Whitsun was 11.6%, and the RevPar reached an average of € 9.80.
Overall, May was not a highlight in the review – nevertheless, it is quite clear that the testing and vaccination strategy can be the long-awaited game changer and will hopefully be long-lasting.
May was too cold and was another month with low but increasing occupancy rates compared to the previous month. The occupancy rate for the month of May closed at 13.8% nationwide. On average, a room cost € 77.00 and the RevPar closed at € 10.60.
The situation is going well.
Enjoy the sun and continue to stay healthy!
Your Fairmas Hotel Report Team