COVID-19 webinar summary: 5 key points on Spain & Portugal hotel performance, 14 July

COVID-19 webinar summary: 5 key points on Spain & Portugal hotel performance, 14 July

Did you miss one of our webinars? Don’t have time to watch the full recording? No problem. We are pleased to present the key points in this latest COVID-19 webinar summary. In this edition, we talk performance in Spain and Portugal.

Spain: signs of slight recovery

Spain occupancy levels are starting to show signs of slight recovery due to a lifting on restrictions. Since 21 June, the market saw it highest occupancy level on 11 July (45%) thanks to domestic and some international leisure demand.

Portugal: RevPAR decrease

For the week ending 12 July, Portugal saw a 79.9% RevPAR decrease.

Key Iberian markets’ occupancy ranges from 10%-40%

For the week ending 5 July, occupancy of open hotels in Spain and Portugal ranged from 10%-40%.

Among those markets, Alicante posted the highest occupancy level (44%), followed closely by Zaragoza (41%) and Valencia Area (39%).

Upper Upscale Class hotels in Spain and Upper Midscale Class hotels in Portugal the most affected

All hotel classes in Spain and Portugal have been impacted by the COVID-19 pandemic, however, the Upper Upscale hotels in Spain and Upper Midscale hotels in Portugal have been the most affected.

For the week ending 12 July, Upper Upscale hotels in Spain saw a 90.3% RevPAR decrease. Upper Midscale hotels in Portugal posted a RevPAR drop of 88.8% that same week.

Can Spain save its summer season?

Powered by Forward STAR data, the below image includes business on the books for the next 90 days (as of 6 July) in the Spanish Islands, and further insights are provided in the full webinar recording. Business-on-the-books intelligence will help us all understand recovery and provide much-needed context. Those insights can be accessed for free when you submit your data. If you are interested, please email sales@str.com.

For further insights into COVID-19’s impact on global hotel performance, visit our content hub.