Tuesday, September 27

Hotels moderated the rise in prices in July and overnight stays return to pre-pandemic levels


The summer campaign and the pull of vacations almost at pre-pandemic levels have pushed hotel prices up, but in a more attenuated way than at Easter, when the prices charged by hotel companies to their clients skyrocketed almost 30%.

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

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In the month of July, the annual rate of the Hotel Price Index (HPI) stood at 16.4%. This is 7.9 points more than that registered in the same month of 2021 and, at the same time, 4 points less than in June and May, when hotel rates grew more than 20%, according to data that has published by the National Statistics Institute (INE).

By autonomous communities, the highest price increases compared to July 2021 were in the Comunidad Foral de Navarra (32.4%) and in the Comunidad de Madrid (30.7%). The only decrease was registered in the autonomous city of Melilla, with a drop of 2.7%. In addition, by category, the greatest increase in prices occurred in establishments with five gold stars (21%).

With these rates on the rise, the average daily billing of hotels for each occupied room (ADR) was 121.4 euros in July, which represents an increase of 17.5% compared to the same month of 2021. Meanwhile, income Daily average per available room (RevPAR), which is conditioned by the occupancy registered in hotel establishments and which is the measure that the sector usually uses, reached 89.9 euros, with a rise of 56.6%.

By category, the average billing was 275.8 euros for five-star hotels, 129.3 euros for four-star hotels and 101.8 euros for three-star hotels. Revenue per available room for these same categories was 199.1, 103.8 and 78.9 euros, respectively. The tourist spot with the highest ADR was Marbella, with an average daily billing per occupied room of 290.4 euros. It also presented the highest RevPar, with revenue per available room of 232.8 euros.

Overnight stays skyrocket

The data published by the INE also indicates that overnight stays in hotels have returned to pre-pandemic levels. Specifically, in July they increased by 60.7% compared to the same month of 2021 and exceeded 42 million. In detail, the overnight stays made by travelers residing in Spain exceeded 15.6 million, almost 35% of the total, while those of non-residents were above 26.7 million.

Last month, the average stay in hotels in Spain was 3.4 nights per traveler, which represents an increase of 11.6% compared to the previous year. Andalusia, Catalonia and the Valencian Community were the main destinations for travelers residing in Spain in July, with 24.4%, 15.5% and 13.9% of total overnight stays, respectively.

For non-residents, the favorite destination was the Balearic Islands, with 35.9% of total overnight stays. Behind, Catalonia and the Canary Islands, with 20.4% and 18.8% of the total, respectively. Regarding hotel occupancy, in July 69.9% of the places offered were covered, with an annual increase of 33.5%. The weekend occupancy rate by bedplaces was 73.2%.

By tourist areas, Palma-Calvià reached the highest occupancy rate by bedplaces (88.3%) and the highest weekend occupancy rate (88.3%). For its part, the Island of Mallorca recorded the highest number of overnight stays in July, with 7.7 million. The tourist points with the most overnight stays were Barcelona, ​​Calvià and Madrid. Santanyí (Mallorca) presented the highest occupancy rate by bedplaces (97.8%), while Santa Margallida (also, Mallorca) reached the highest weekend occupancy rate (92.7%).

By origin, travelers from the United Kingdom and Germany concentrated 26.6% and 17.1%, respectively, of the total overnight stays of non-residents. Those made by travelers from France, the Netherlands and Italy (the following issuing markets) account for 9%, 5% and 4.4% of the total, respectively.



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