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SymbolicBlogNoticiasHotel vacancy causes the price of the rooms to fall by 15%

Hotel vacancy causes the price of the rooms to fall by 15%

29 Nov
Symbolic Sunday November 29th, 2020 0

The annual rate of the Hotel Price Index (HPI) stood at -15.3% in October, which is 16.9 points below that registered a year ago, and 1.9 points less than that registered the month past.

By category, the greatest drop in prices occurred in establishments with three and two silver stars (-22.5%). And the lowest, in those with three gold stars (-10.6%). Hotel Sector Profitability The average daily billing of hotels for each occupied room (ADR) was 64.3 euros in October, which represents a decrease of 25.1% compared to the same month in 2019. For its part, revenue daily average per available room (RevPAR), which is conditioned by the occupancy registered in hotel establishments, reached 16.4 euros, a decrease of 71.2%.

By category, the average turnover is 151.4 euros for five-star hotels, 71.7 euros for four-star hotels, and 55.6 euros for three-star hotels. The revenue per available room for these same categories is 34.7, 19.1 and 15.7 euros, respectively. During the month of October, 10,597 hotel establishments were open in Spain, 31.4% less than in the same month of 2019, which represents 58.1% of the total directory of establishments in this month. Overnight stays in hotel establishments reached 5 million in October, which represents a decrease of 83.3% compared to 30.3 million in the same month of 2019. 11/29/2020 Hotel vacancy causes the price of rooms drop 15%.

During the first 10 months of 2020, overnight stays decreased by 72.2% compared to the same period of the previous year. Based on origin, overnight stays by travelers residing in Spain decreased by 57.4% in the annual rate in October, exceeding 3.7 million. For their part, non-residents fell 93.8%, reaching 1.3 million. On the other hand, the average stay decreased by 31.7% compared to October 2019, standing at 2.1 nights per traveler. Destinations Andalusia, Valencian Community and Catalonia were the main destinations of the total number of travelers in Spain in October, with annual rates of variation in the number of overnight stays of -79.4%, -76.7% and -87.8%, respectively . The main destinations for travelers residing in Spain are Andalusia, the Valencian Community and Catalonia, which present annual rates of variation in overnight stays of -51.7%, -58.4% and -61%, respectively.

For its part, the main destination chosen by non-residents is the Canary Islands, with 27.7% of total overnight stays. In this community, overnight stays by foreigners fell 92.6% compared to October 2019. The next destinations for non-residents are Andalusia (with 16.7% of total overnight stays and a decrease of 93%) and Catalonia (with 14.6% of the total and a decrease of 94.9%).

In October, 20.9% of the places offered were covered, with an annual decrease of 64.2%. The weekend occupancy rate by beds decreased 61.6% and stood at 25.4%. 11/29/2020 The hotel vacancy causes the price of rooms to fall by 15% –

Ceuta presented the highest occupancy rate by places during October (28.1%). It is followed by the Valencian Community, with 26.1%. By tourist areas, the Canarian island of El Hierro reached the highest occupancy rate by places (38.5%) and the highest occupancy at the weekend (43.6%). The Costa Blanca has the highest number of overnight stays, with 268,441. The tourist spots with the most overnight stays are Madrid, Barcelona and Benidorm. Cádiz presents the highest occupancy rate by places (47.8%) and Alcañiz, the highest occupancy rate at the weekend (56.4%). Travelers from France and the United Kingdom accounted for 26.3% and 15.3%, respectively, of the total overnight stays by non-residents in hotel establishments in October.

The French market presents an annual variation rate of -78.8% and the British one of -96.3%. Overnight stays by travelers from Germany, Italy and Portugal (the following source markets) registered annual rates of -98.2%, -89.2% and -78.8%, respectively.

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