Spanish hotels must be booming

They are thriving, actually. National statistics office INE on Friday published January’s data for the hotel sector in Spain and figures were all bright, a repeated event that has lately become a relief spot and an anchor for the economy of the country. Foreign tourist numbers were up by 4.6pc year on year to 2.78 million, average revenue per room rose by 0.1pc to €68.3 million, and occupation was 37.4pc or 3.3 percentage points higher than in January 2011. Revenue per available room behaved positively, too, up by 3.2pc to €28.9.

Looking into the report in detail, overnight stays of residents have receded just by o.2pc  in line with 2011 records, while non-residents’ grew by 6.1pc and took their share of total nights spent to 60pc. Where did they choose to enjoy their Spanish experience? The new visitors loved Canary Islands (7.7pc increase), Catalonia (a more modest 1.1pc increase) and Andalucia (a hot 14.7pc).

Bankia Bolsa analysts mentioned NH Hoteles and Hoteles Meliá as the companies likely to reap the benefits of the upcoming summer holidays.

About the Author

Victor Jimenez
London contributor at thecorner.eu, reporting about the City and the Eurozone economies. He regularly writes for Spanish newspaper group Prensa Ibérica--some of his features include shared work with journalists of The Daily Telegraph and the BBC.

Be the first to comment on "Spanish hotels must be booming"

Leave a comment