15-03-2017 - Madeira’s Hotel Industry maintained growth trend in January 2017

In January 2017

Madeira’s Hotel Industry maintained growth trend

Initial estimates for January 2017 show increases in the tourism indicators with positive year-on-year rates of change in overnight stays (+8.8%), total revenue (+14.0%) and lodging revenue (+12.3%).

At the country level, the rates of change stood at 12.6% in nights spent, 18.1% in total revenue and 17.2% in revenue from accommodation.

In the month of reference, the number of overnight stays in the Autonomous Region of Madeira topped 454,4 thousand – a new monthly record for January. The total revenue and the revenue from accommodation also registered new maximums (22.6 and 14.5 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 foreign tourists and the Portuguese were +9.4% and +1.8%, respectively, compared to January 2016.

The bed occupancy rate in the reference month reached 53.8%, up by 3.6 percentage points over the same month of the previous year and the highest among the seven NUTS2 Portuguese regions.

The average income per room (RevPAR) recorded a year-on-year change rate of +10.8%, increasing to € 35.42.