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Giveaway Budget underpins strong Irish economy in 2025
Tom McCabe • October 02, 2024
Hotel Barometer produced by STR and Cushman & Wakefield - Q2 2024
The average daily rate for Spanish hotels during the first half of the year reached €150, 10.6% up on the figure for 2023.
Bruno Hallé • August 07, 2024
Hotel Barometer produced by STR and Cushman & Wakefield - Q1 2024
Spanish hotels recorded a robust increase in revenue per available room during Q1 2024, surpassing the same period last year by 17.1%
Bruno Hallé • May 27, 2024
Hotel Barometer produced by STR and Cushman & Wakefield - Close of 2023
Revenue per available room (RevPAR) for Spanish hotels rose to €105 in 2023, some 16.5% up on the figure for the close of 2022.
Bruno Hallé • January 29, 2024
Hotel Barometer prepared by Cushman & Wakefield - 1st Half 2023
Spanish hotels achieved revenue per available room (RevPAR) at EUR 95.4 during the first half of the year, 16.7% higher than during the same period in 2019. Occupancy has almost reached the levels of 2019 (70.2% this year in comparison with 72.4% in 2019). It has grown by some 12% compared to the same period in 2022, bearing in mind that the Omicron variant impacted the hotel sector up to March.
Bruno Hallé • August 08, 2023
Dublin the third most attractive UK/Ireland location for hotel operator
Cushman &Wakefield’s latest Operator Beat for the first half of 2023 showed improved optimism across the hotel sector in the first half of 2023.
Tom McCabe • July 21, 2023
Hotel Barometer prepared by Cushman & Wakefield - 1st Quarter 2023
Revenue and average room rates confirm the recovery of the hotel industry, surpassing the figures achieved prior to the pandemic.
Spanish hotels recorded average occupancy of 65% during the first quarter of 2023, a rise of 26.4% on the figure for the same period the previous year when the Omicron variant was impacting results. The recovery in demand has driven rises in average daily rates (ADR) to €120, resulting in revenue per available room (RevPAR) at €78, representing growth of some 43% on the figures for 2022. When comparing to average rates in 2019, Spanish hotels have seen growth of 15% in Q1 2023, with Madrid standing out at 20% (€129 this year compared to €107 in 2019).
Bruno Hallé • May 04, 2023
Hotel Barometer prepared by Cushman & Wakefield - Close of 2022
The hotel industry matches the revenue and price levels seen in 2019 and faces up to the challenge of continuing to improve occupancy. For Spain as a whole, hotels recorded an increase in RevPAR (revenue per available room) to €90.14, some 84% above the figure achieved in 2021. More significantly, this is €1.50 above the close of 2019, i.e. prior to the pandemic.
Bruno Hallé • January 24, 2023
Hotel Barometer Third Quarter 2022
Despite average occupancy (68.3%) running at eight percentage points below the figure for 2019 (76.3%), both ADR (average daily rates) and RevPAR (average price per available room) have matched or exceeded the levels seen prior to the pandemic.
Bruno Hallé • October 26, 2022
Hotel Barometer Spain H1 2022
With average occupancy of 63% during the first half, hotels in Spain have managed to double the revenue recorded in 2021, achieving a RevPAR (revenue per available room) of €77. The improvement in occupancy has also led to growth in the ADR (average daily rate) to €123, some 39% more than the figure for the same period last year.
Bruno Hallé • August 16, 2022
Hotel Operator Beat | December 2021
Hotel chains believe that holiday and inland destinations, as well cities such us Madrid and Málaga, will be the first to return to pre-pandemic levels of activity.
Bruno Hallé • January 04, 2022
Hotel Barometer Third Quarter 2021
Hotel industry activity begins to recover at varying rates.
Bruno Hallé • October 27, 2021
