In February 2017

Overnight stays in Madeira’s hotel industry increased by 3.1% year-on-year

Initial estimates for February 2017 show increases in the tourism indicators with positive year-on-year rates of change in overnight stays (+3.1%), total revenue (+3.8%) and lodging revenue (+7.4%).

At the country level, the rates of change stood at 7.9% in nights spent, 14.4% in total revenue and 15.6% in revenue from accommodation.

In the month of reference, the number of overnight stays in the Autonomous Region of Madeira topped 487,3 thousand – a new monthly record for February. The total revenue and the revenue from accommodation also registered new maximums (23.7 and 15.2 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 +3.2% and +1.4%, respectively, compared to February 2016. The British (+3.3%) and French (+0.5%) markets had a positive performance, while the German market dropped by 0.1%.

In the first two months of 2017, the overnight stays increased by 5.7% when compared to the same period of 2016, while the growth in total revenue (+8.4%) and lodging revenue (+9.8%) was more pronounced.

The bed occupancy rate in the reference month reached 63.7%, up by 3.7 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 +10.6%, increasing to € 41.11.

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