Prices rise on increased demand, with 58% occupancy, just two points lower than in 2019
The year 2022 has been the year of tourism recovery after at least two years due to the pandemic and the hotel sector has benefited from this. Despite tourism being very quiet for the first three months of the year due to restrictions imposed by the omicrom variant, the rest of the year has been so positive that hotel stays will reach 320.7 million in all of 2022, according to data that were published by the INE this Tuesday, which represents an increase of 85.6% compared to the previous year and only 6.5% lower than the 2019 data, when Spanish establishments totaled 343 million overnight stays.
But the distribution of customers has changed from before the pandemic. In 2022, Spanish customers will exceed 2019 registration (+0.3%), while that of foreigners fell by 10%. Of the 102.6 million hotel guests registered in 2022, 53.1 million were nationals (120 million overnight stays) and 49.5 million were foreigners (200.9 million overnight stays).
Given this high demand and high inflation, hotel prices have continued to rise, rising 17% over last year’s average, with an average daily billing per room (ADR) of around €105.
This increase comes on top of the increase in 2021 (12.8%) after the decrease in 2020 due to the pandemic (-5.9%). Before the pandemic, the increases were constant year over year, but the increase in 2022 is the highest in the past decade.
The largest price increases were registered in the Community of Madrid, where hotels increased by an average of 32%, Catalonia (25.7%) and the Basque Country (20.6%). Andalusia was also above average (17.9%).
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.
