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Madrid Leads The Rise Of Hotel Prices In Spain

3 September 2015 – Expansión

The capital has reached an average of 94 euros per night, 12% more than in 2014, according to the latest Hotel Price Index by Hoteles.com.

Madrid recorded the largest increase of hotel prices in Spain in the first half of 2015. This is the main conclusion of the latest Hotel Price Index by Hoteles.com, which states that the capital has reached an average of 94 euros per night, 12% more than in 2014. Madrid has been driven by domestic tourism and has exceeded in growth other destinations, such as Canary Islands and Balearic Islands.

Second is Torremolinos, with growth of 10%. The city in the province of Malaga has increased its price to 90 euros on average per room per night.

Although Barcelona managed to consolidate its position among the destinations where Spanish travelers paid most, with an average of 124 euros a night per room, it only grew by 2% in this period. The Balearic Islands have maintained their trend. Ibiza scored an increase of 6%, up to 169 euros on average, and Mallorca has remained with 131 euros on average.

Worldwide

At the global level, according to the Index, hotel prices paid by travelers from around the world have increased by 1% in this semester compared to last year.

There are even three regions where the costs exceeded their levels prior to the crisis and have established a new spending record: North America, Caribbean and Latin America. The increase in number of passengers, greater tourist spending in key areas and currency fluctuations have contributed to this data.

Original story: Expansión

Translation: Lee La