In October 2017

Total revenue in Madeira’s hotel industry increased by 4.7% year-on-year, while the overnight stays remained unchanged

Initial estimates for October 2017 show a year-on-year increase in total revenue (+4.7%) and lodging revenue (+8.2%), while the overnights stays remained almost unchanged.

At the country level, the rates of change stood at +6.4% in overnight stays, +18.6% in total revenue and +22.5% in revenue from accommodation.

In the month of reference, the number of overnight stays in the Autonomous Region of Madeira stood at 652.3 thousand. The total revenue and the revenue from accommodation reached 35.3 and 22.9 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 -0.3% and +3.1%, respectively, compared to October 2016. The British (-9.8%) and German (-1.4%) markets had a negative performance, while the French market increased by 16.2%.

In the first ten months of 2017, the overnight stays rose by 1.9% when compared to the same period of 2016, while the growth in total revenue (+7.7%) and lodging revenue (+8.6%) was more pronounced.

The bed occupancy rate in the reference month reached 68.9%, dropping by 2.3 percentage points from October 2016 but remaining as the highest among the seven NUTS2 Portuguese regions.

The average income per room (RevPAR) recorded a year-on-year change rate of +4.5%, increasing to € 50.75.

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