Rentalia: Tourist Rental Homes Break Records Over Easter

19 April 2017 – Expansión

(…). Over the last few days, Spain’s large cities have experienced occupancy rates of 90.5%, i.e. 9.6% percentage points higher than last year, when the occupancy rate reached 80.9%. That is according to a study of prices and occupancy rates conducted by Rentalia (a company that belongs to the Idealista group). Sevilla, San Sebastián and Barcelona were the cities with the highest occupancy rates.

The cities with the highest occupancy rates over the Easter break were: Sevilla, with 98.3% (+14.6 percentage points higher than last year); San Sebastián, 98.1% (+9.1 points); and Barcelona, 96.6% (+13.9 points). Those with the lowest occupancy rates, but still above the national average were: Granada, 94.7% (+1.4 points); Valencia 93.9% (+12.5); Madrid, 92.7% (+1.2); Gijón, 91.5% (+3.8); Córdoba, 91.4% (+27.1); and Málaga 91.4% (-0.5).

“Beyond the large cities, other areas also recorded good occupancy rates”, said Rentalia. 67.5% of tourist homes on the coast were occupied over Easter, which represents an increase of 19.7 percentage points with respect to last year. Homes in rural areas had an average occupancy rate of 68.7%, which is almost identical to the figure recorded in 2016 (68.6%). “Of all the tourist homes in Spain, including homes in all areas, the occupancy rate amounted to 69.1% in 2017, whereas last year, it stood at 58.2%, which means it has grown by 10.9 points”, said the report.

The average price of tourist homes over the Easter break amounted to €30.40 per person per night. The most expensive cities for renting a tourist apartment between 12 and 16 April were: Ibiza, at €65.20 per person per night; Palma at €50.90; and Barcelona, at €42.30.

The best value-for-money destinations over Easter were Gijón at €20.80 per person per night, Alicante (€21.30) and Valencia (€22.80). In other cities, prices ranged between €24 and €40 per person per night: San Sebastián (€40.60); Málaga, €40.50; Sevilla, €39.30; and Granada €36.10, amongst others.

“In terms of the nationality of visitors, it seems that domestic tourists travelled the most during the Easter holidays, above all, given that 89% of reservations were made by domestic tourists and 11% were made by foreigners”, according to the report.

According to Almudena Ucha, Director at Rentalia, “the occupancy rate this year is the best since 2008. The good weather forecasts and the possibility of going to the beach and enjoying the (traditional Easter) processions without rain means that this Easter broke records for holiday rentals”.

Original story: Expansión (by J. M. L.)

Translation: Carmel Drake

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