Hotel occupancy rate falls

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Hotel occupancy rate falls slightly despite increase in stays

24 January 2008

MADRID - The hotel occupancy rate in Spain last year fell 0.3 percentage from the previous year despite an increase of 2.1 percent in overnight stays to 272.7 million, the National Statistics Institute said Wednesday.

The reason for the decline in the level of occupancy was an increase of 2.8 percent in the number of available hotel rooms. The INE said almost half of the overnight stays took place in the period June-September. Hotel prices last year rose an average of 2.5 percent, while average revenues per room increased 3.1 percent.

[Copyright EL PAÍS 2008]

Subject: Spanish news

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