Entrepreneurs accuse costs up to 30% higher than 2021, especially for energy, but expect winter season 6% higher than 2019
Despite inflation, tourism in September and October surpassed 2019 levels as long-haul travellers, such as Asian markets, have not yet fully activated. Hoteliers are very “satisfied” both with the figures obtained in the summer season and with the forecasts for the winter. The Confederation of Hotels and Tourist Accommodations (Cehat) pointed out at a press conference on Thursday that the sector has succeeded in “adjusting prices to demand”.
In this sense, the ADR (the average daily price of occupied rooms) is 15% higher than that recorded in the same season of 2019, so the revenue for the sector is 13% higher. This is due to the fact that occupancy is at its maximum, at 98% of its pre-pandemic level, after national tourism has established itself in very good numbers and international tourism is recovering at a very fast pace. Still, Cehat’s data indicates that post-pandemic post-pandemic tourism is still higher than in 2019, at 47% of total tourism, up three points.
Despite the industry’s general satisfaction with profitability and occupancy rates, they are causing employers to see their costs increase by 20% to 30%. Mainly because of energy prices, which are one of the biggest contributors to the costs of hotel companies, and even more so now that the winter season is starting with key sectors such as the mountains.
According to his forecasts, hotel prices have been higher than in 2019 for the past three months, but this hasn’t eroded demand and it looks like next quarter will move in the same direction. What they dare not predict is how prices will behave in the spring-summer of 2023, as they assure that everything will depend on how the economy and the disposable income of tourists evolve.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
