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Revenue in the first ten months of 2022 already exceeded the annual total for 2019, reflecting the increase in prices of services provided
Tourism activity
Revenue in the first ten months of 2022 already exceeded the annual total for 2019, reflecting the increase in prices of services provided - October 2022
14 December 2022

Summary

The tourist accommodation sector registered 2.6 million guests and 6.8 million overnight stays in October 2022, corresponding to year-on-year rates of change of +23.4% and +23.5%, respectively (+41.1% and +37.2% in September, in the same order). When compared with October 2019, there were increases of 5.0% and 6.2%, respectively. 

The net bed and the net bedroom occupancy rates in tourism accommodation establishments (48.9% and 60.4%, respectively) increased slightly when compared to October 2019 (48.4% and 59.6%, in the same order).

The total revenue increased by 48.2% to EUR 497.7 million and the revenue from accommodation amounted to EUR 370.6 million, increasing by 50.1%. Compared to October 2019, there were increases of 27.2% in total revenue and 27.8% in revenue from accommodation. 

In October, the revenue per available room (RevPar) stood at EUR 61.2 and the average daily rate (ADR) amounted to EUR 101.2 (+42.5% and +20.6% vis-à-vis October 2021, respectively). When compared to October 2019, the RevPar increased by 21.8% and the ADR grew by 20.1%.

In the first ten months of 2022, considering all means of accommodation (tourist accommodation establishments, camping and holiday camps, and youth hostels), there were 25.4 million guests and 68.5 million overnight stays registered, corresponding to increases of 90.9% and 90.3%, respectively. When compared to the same period in 2019, the number of overnight stays decreased by 1.7% (+5.6% concerning residents and -5.4% for non-residents).

In this press release an analysis on the breakdown of overnight stays by country and main accommodation segments is included, standing out the predominance of overnight stays by UK residents in hotels (mainly in 5-star units, accounting for 1/3 of overnight stays of non-residents) and from Germany in local accommodation establishments and in rural areas and lodging tourist establishments.


Press release
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