Hotel Prices: Marbella Skyrocket in Spain’s Andalusia Region
In a recent development, hotel prices in Spain’s southern Andalusia region have seen a significant surge. The most notable increases have been observed in Marbella and Granada, recording the highest price hikes across Spain.
Marbella and Granada Witness Steep Price Hikes
The latest report from hotel data company STR and real estate services firm Cushman & Wakefield reveals that the average price for a nightly stay in Marbella now stands at €298. Granada is not far behind, with hotel prices witnessing a jump of up to 30% per room.
Price Increases in Line with National Trend
These price hikes are consistent with the trends observed across the country. The report suggests that the Spanish market is experiencing a ‘full recovery of hotel and tourism activity’ following the disruption caused by the coronavirus pandemic that began in early 2020.
Spanish Hotel Prices on the Rise
The average price for a nightly stay in Spanish hotels is currently €145, marking a 7% increase from the previous year. This figure also represents a 20% increase from the same period in 2019, the last full year before the Covid-19 health crisis began.
Summer Hotel Occupancy Nears Pre-Pandemic Levels
Despite the historically high room prices, Spain’s summer hotel occupancy is nearing pre-pandemic levels. This trend indicates a strong recovery of the country’s tourism sector.
New Luxury Hotels: Are They Worth the Price?
In the wake of these price hikes, new luxury hotels are emerging. The question remains whether these establishments offer enough luxury to justify their high prices.
