barcelona hotel performance
Formula One Drove Barcelona Hotel ADR and RevPAR to All-Time Highs in June
CoStar Group | July 10, 2024
WASHINGTON – 10 July 2024 – Thanks to a boost from the annual Spanish Grand Prix, Barcelona's monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (year-over-year % change): Occupancy: 87.3% (+1.7%) ADR: EUR 231.30 (+11.4%) RevPAR: EUR201.84 (+13.3%) The Grand Prix pushed occupancy to 95.3% on Saturday, 22 June, matching for the monthly high with the night of a Rammstein concert on Tuesday, 11 June. The level...
Madrid vs. Barcelona: Competition for Tourism and Hotel Demand
STR | April 17, 2023
Madrid and Barcelona are in an intense competition to attract travelers to their hotels. Madrid, the landlocked Spanish capital, is a popular business and MICE (Meetings, Incentives, Conferences, and Exhibitions) destination, while Barcelona is a coastal city known for its beaches and is the capital of Catalonia. Before the pandemic, Barcelona suffered from overtourism, while Madrid is trying to attract more tourists. Both cities rely heavily on event and MICE-driven demand, which is evident in their occupancy index. Barcelona's occupancy recovery has generally outpaced Madrid's, but not by much. Madrid, on the other hand, has be...
