In May 2017

Total and lodging revenue in Madeira's hotel industry increased year-on-year despite the drop in the number of overnight stays

Initial estimates for May 2017 show a decrease in the overnight stays (-0.6%), with positive year-on-year rates of change in total revenue (+5.2%) and lodging revenue (+3.8%).

At the country level, the rates of change stood at 7.2% in nights spent, 19.5% in total revenue and 21.0% in revenue from accommodation.

In the month of reference, the number of overnight stays in the Autonomous Region of Madeira stood at 670.7 thousand. The total revenue and the revenue from accommodation reached 36.4 and 22.8 million euros, respectively.

Looking at the data broken down by market, it should be highlighted that the year-on-year change rates in nights spent by the Portuguese and foreign tourists  were +14.8% and -2.2%, respectively. The French, British and German markets had a negative performance with the overnight stays generated by these markets declining by 11.1%,10.9% and 3.6%, respectively.

In the first five months of 2017, the overnight stays increased by 3.5% when compared to the same period of 2016, while the growth in total revenue and lodging revenue was more pronounced (+8.5% in both variables).

The net bed occupancy rate in the reference month reached 73.9%, the same as a year before and the highest among the seven NUTS2 Portuguese regions.

The average income per room (RevPAR) recorded a year-on-year change rate of +4.2%, increasing to € 51.95.

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