Munich Hotels Celebrate Record-Breaking December Performance

• Munich hotels report the highest December average daily rate (ADR) and revenue per available room (RevPAR) in history.
• Major events like Clinical Operations in Oncology Trials and ISPO Winter 2024 boosted occupancy levels, contributing to record-breaking performance.

Munich’s hotel industry celebrated a record-breaking December with the highest average daily rate (ADR) and revenue per available room (RevPAR) ever recorded, as revealed by preliminary data from CoStar, a top real estate market analytics provider. The occupancy rate also grew by 10.9% to 68.3%, matching the record since 2014.

The city’s hotel performance was significantly boosted by the overlapping Clinical Operations in Oncology Trials and ISPO Winter 2024 events at the beginning of December. The first night of these events saw the hotel performance peak in all three key metrics: occupancy (96.8%), ADR (EUR164.90), and RevPAR (EUR159.54), marking the highest occupancy level since April 2019.

The following night also reported high-performance levels, with occupancy at 91.2%, ADR at EUR153.25, and RevPAR at EUR139.77.