Sunday, July 3

Hotel prices continue to skyrocket but slow their rise at the gates of summer


Last Easter, hotel prices skyrocketed and, a month later, at the gates of a summer stressed by high demand, hotel prices continue to rise but have slightly slowed their growth. The annual rate of the Hotel Price Index (HPI) stood at 22.1% in May, which is 7.4 points less than that registered the previous month, according to data published this Thursday by the National Institute of Statistics (INE).

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By autonomous communities, the highest increases in hotel prices compared to May 2021 have occurred in the Community of Madrid (44%) and Andalusia (34.8%). On the other hand, the smallest increase was registered in the autonomous city of Ceuta, with an annual variation rate of 0.4%. By categories, the greatest increase in prices occurs in establishments with three and two stars (26.8%).

Profitability per room takes off

With this evolution, the data on the hotel situation published by the INE also indicates the average turnover of hotels for each occupied room, called ADR. Data that is shot compared to 2021.

That average daily billing was 95.3 euros, which represents an increase of 24.5% compared to May 2021. Meanwhile, the average daily income per available room (called RevPAR, which is usually the reference in the tourism sector to measure its profitability, because it takes into account all available hitations, not just those contracted), reaches 60.9 euros, with a rise of 131.1%. This RevPAR is conditioned by the occupancy registered in the establishments.

By category, the average billing is 223.3 euros for five-star hotels, 99.4 euros for four-star hotels and 73.8 euros for three-star hotels. Meanwhile, the income per available room for these same categories is 151.6, 69.4 and 48.3 euros, respectively. The tourist spot with the highest ADR is Marbella, with an average daily billing per occupied room of 187.9 euros. It also has the highest RevPar, with revenue per available room of 141.6 euros.

The number of overnight stays is close to the pre-pandemic level

In this fifth month of the year, overnight stays in hotels have shot up more than 306%, reaching 29.8 million. It must be taken into account that, in 2021, mobility was still reduced and there were only 7.3 million overnight stays in Spanish hotels.

Depending on their origin, the overnight stays of travelers residing in Spain exceed 9.9 million, which represents 33.4% of the total. On the other hand, those of non-residents, the majority, are above 19.8 million.

More overnight stays and for more nights. The average stay increased by 40.1% in May compared to the same month in 2021, standing at three nights per traveler. During the first five months of 2022, overnight stays increased by 384.6% compared to the same period of the previous year.

Another of the data published by the INE is the degree of employment. In May it stood at 54.9% of the places offered, with an annual increase of 90.5%. In contrast, the weekend occupancy rate by beds rose 67% and stood at 64.1%.

The highest occupation was that of the Canary Islands, with 62.1%. Behind, Illes Balears, with 61.2%. At the opposite extreme, Castilla – La Mancha, where the occupation was 35.3%, and Asturias, with 36.5%.

For tourist areas, Barcelona takes flight. In May it reached the highest occupancy rate by bedplaces (72.4%) and the highest weekend occupancy (79.4%). Meanwhile, the island of Mallorca registered the highest number of overnight stays in May, with more than five million. Torremolinos had the highest occupancy rate by bedplaces (73.4%) and Sóller the highest weekend occupancy (81%).

And according to the origin of these tourists, travelers from the United Kingdom and Germany accounted for 28.3% and 18.9%, respectively, of the total overnight stays by non-residents during the last month. The overnight stays of travelers from France, the Netherlands and the United States (the following issuing markets) account for 9.8%, 5.9% and 4.2% of the total, according to data broken down this Thursday by the INE.



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