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Spain's hotels took 166.90 euros a night per occupied room in August, up 7.3%. Revenue per available room reached 133.10 euros, up 7.0%. Nights rose 1.4%.

The price index rose 6.3%, not 7.3%, so part of that move is composition rather than pricing. Resident nights fell 1.1%, non-residents rose 2.8%. Non-residents are carrying this market, Spaniards are stepping back.

And it is the hotel survey. Spain's statistics office has not published August for tourist apartments, so anyone quoting those figures at you is not describing short-term rental performance.

Poland. The act started as a new…

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