This phenomenon of rising prices is not isolated, as the average daily price of a hotel room in Spain is €145, representing a 7% increase on the previous year and a 20% increase compared to 2019. The Hotel Sector Barometer report, jointly produced by STR and Cushman & Wakefield, reveals that the sector is in a period of, “full recovery of hotel and tourism activity in Spain”. Marbella is followed by the Balearics at an average of €188 but with very high seasonality compared to the Costa del Sol. Barcelona and Madrid are next, with an average daily rate of €173 and €140 respectively.
Macau to see hotel occupancy rate exceeding 90 pct during Grand Prix
Macau tourism authorities expressed strong confidence on Monday that the hotel occupancy rate during the upcoming Macau Grand Prix event will surpass 90 per cent. Maria Helena de Senna Fernandes, Director of the Macao Government Tourism Office (MGTO), pointed out the recent positive trend in hotel bookings in the city, public service broadcaster TDM reported.
