HOTEL OCCUPANCY RATE IN MADEIRA IS THE HIGHEST IN THE COUNTRY

HOTEL OCCUPANCY RATE IN MADEIRA IS THE HIGHEST IN THE COUNTRY

Home News HOTEL OCCUPANCY RATE IN MADEIRA IS THE HIGHEST IN THE COUNTRY
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The occupancy rate per room in Portugal increased by 2.6 pp, compared with January 2017, reaching 48%. According to the Hotel Association of Portugal, the tourist destination Madeira had the highest occupancy rate, in January, with 69%.
In second place was Lisbon (60%) and, third, Greater Porto (47%).

The ARR (average price per occupied quarter) was set at 71 euros, showing an increase of 11% over the same period of last year. In this indicator, categories four and five stars were the ones that grew the most: 11% and 10%, respectively.

In Madeira, in January 2018, hotels had an average price per room occupied of 65 euros, an increase of 11% over January 2017. The fourth occupancy rate and RevPar (average price per available room) showed growth of 2, 8 pp and 16%, set at 69% and 45 euros, respectively.

by Susy Lobato

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