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...