According to the report “Hotel Market 2019”, presented this week in Madrid, the average value per room of five-star establishments was 171,625 euros in 2018, 33% more than in four-star hotels, where the value average per room stood at 128,604 euros, and more than double that in the hot May 2019 calendar Printable of three stars (83,217 euros per room). This average value is calculated from the income and expenses of the operation of the business, divided by the number of rooms. By geographical areas, five-star hotels on the Mediterranean coast recorded the best performance in 2018 (+ 22% year-on-year, up to 184,574 euros per room), followed by hotels of the same category on the islands (+ 19% annual, up to 190,232 euros per room) and four-star assets in capital cities, large cities and urban areas (+ 4%, up to 129,284 per room).
May 2019 calendar Printable
“The best recent evolution of the highest category on the peninsular and insular coast is explained because in these markets the difference in quality between beach establishments of four stars and those of five is more pronounced. And it is precisely the exclusive establishments that reflect more directly the economic situation of the sector, both upwards and downwards, “says the director of the Tinsa Studies Service, Rafael Gil. The report emphasizes that the economic crisis” affected in a notable to hotel assets, especially those of an urban nature ». The establishments of three and four stars have suffered an important depreciation in the last ten years, which is concreted in a fall of the value per room of 33% in the case of the three stars and 22% in the case of four.
However, this was the segment that best endured the crisis, benefiting from a shift from five-star demand to a more affordable category. But when the recovery unpacked and settled, the revival of the most luxurious target has been faster. In urban hotels, however, the four stars continue to May 2019 calendar Printable prevail. And the report highlights a particularly striking fact: in Barcelona, this type of establishment maintains a value per room in the last three years close to 300,000 euros, 66% higher than in Madrid (180,000 euros). Traditionally, the average value in Barcelona has far exceeded that of the establishments in the capital, something that the hotel moratorium in Barcelona has been able to accentuate, explains Gil.