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Berlin hotel rates fall below £100 as revenues slip

Three per cent fall in room prices comes as hotels record decline in occupancy levels for month of July

Pictured: Berlin hotels suffered a 5 per cent fall in occupancy in July, which led to a 3 per cent fall in average room rates (ARR)

Berlin hotel rates fell almost 3 per cent in July, as the city failed to maintain 85 per cent occupancy levels despite a busy summer of events.

In the European Chain Hotels Market Review, Hotstats says the German capital's occupancy slipped 5 per cent to an average of 80 per cent, which led to hotel rates falling from €122 (£102) to €118 (£99) year-on-year. This was despite the city hosting Berlin Fashion week and the six-day Classic Open Air Festival during that period.

Hoteliers also recorded declining revenue levels in food and beverage (-6.6 per cent) and conferences (-2.3 per cent).

Madrid hotels also suffered a 5 per cent fall in occupancy, yet average room rates (ARR) rose by 4 per cent to €137 (£114). The city also witnessed a sharp fall in conference and banqueting (-31 per cent) and in food and beverage (-12 per cent), contributing to a 10 per cent decline in profit per room.

Meanwhile, Prague hotels maintained solid occupancy levels despite slipping almost 1 per cent, averaging 87 per cent for the month of July. There is still good value to be found in the Czech capital despite ARR rising 3 per cent, with hotel rooms averaging €88 (£74).

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