Nobody Discounted
Spain's hotels sold no extra rooms this July. They still made 6.6% more money.
That was the pattern all week across Europe.
INE published July this morning: 44.8m overnight stays, up 0.3% Occupancy 71.1% of bedplaces ADR €156.9, up 6.8% RevPAR €119.3, up 6.6%
Residents booked less (down 1.1%), foreign visitors covered it (up 1.1%). Nobody discounted. Same signal AirDNA gave for Europe-wide July: occupancy flat, rate doing the work.
Bank of Greece, yesterday: H1 travel receipts €8.8bn, up 14.8% from €7.66bn Non-resident arrivals up 15.4%
Strongest half Greece has posted. But June on its own…
The skinny
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