Munich Hotels Record 78.5% Occupancy in October with Surging Average Daily Rate and RevPAR Driven by Expo Real and Key City Events

Thursday, November 14, 2024

Munich hotel saw strong ADR and RevPAR growth during Expo Real 2024, boosted by over 40,000 participants and key events like the World Forum and UEFA match.

Munich’s hotel industry experienced a surge in both Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) during Expo Real, as highlighted by preliminary data from CoStar for October. CoStar, a prominent real estate analytics and information provider, reported the spike.

Drawing more than 40,000 attendees from 75 countries, and featuring 1,778 exhibitors from 34 nations, the international property and investment trade fair was held from October 7 to 9, 2024, at the Munich Exhibition Center. The next edition of EXPO REAL is scheduled for October 6 to 8, 2025.

Key October 2024 Metrics (Year-over-Year Changes):

• Occupancy: 78.5% (+5.6%)
• ADR: €162.73 (+9.6%)
• RevPAR: €127.73 (+15.7%)

During the fair at Messe München, Munich’s ADR reached a peak of €317.24 on October 7, alongside a RevPAR of €288.50, while occupancy soared to 90.9%. The following day, ADR and RevPAR also remained high, at €302.74 and €274.58, respectively.

The highest occupancy rate of the month (93.2%) was recorded on October 22, the evening before the World Forum and a UEFA Champions League match between Barcelona and Bayern Munich. Throughout October, Munich’s occupancy stayed above 60% except for four days.