Tourist Accommodation Sector Thrives: 7.0% Income Surge in April 2024

  • Tourist accommodation income rose by 7.0% in April 2024, driven by increased stay unit nights and higher average income.
  • Hotels and 'other' accommodations were major contributors to the income growth.
  • Quarterly performance showed a 9.1% increase, with hotels leading the surge

The tourist accommodation industry experienced a notable increase in total income in April 2024. Measured in nominal terms, the total income saw a 4.5% rise compared to April 2023.

Income Growth

Income from accommodation increased by 7.0% year-on-year in April 2024. This growth resulted from a 3.5% increase in stay unit nights sold and a 3.4% rise in the average income per stay unit night sold.

Key Contributors

The largest contributors to the 7.0% year-on-year increase in income from accommodation were hotels and ‘other’ accommodation.

CategoryPercentage IncreaseContribution (Percentage Points)
Hotels7.8%4.9
‘Other’ accommodation6.3%2.0

Hotels Lead the Growth

Hotels experienced a 7.8% increase in income, contributing 4.9 percentage points to the overall growth. This sector remains a significant driver of the accommodation industry’s income.

Other Accommodation’s Contribution

‘Other’ accommodation types saw a 6.3% increase, contributing 2.0 percentage points to the overall growth. This category includes a variety of lodging options beyond traditional hotels.

Quarterly Performance

Income from accommodation increased by 9.1% in the three months ended April 2024 compared to the same period in 2023.

Main Positive Contributors

The main contributors to this quarterly increase were hotels and ‘other’ accommodation.

CategoryPercentage IncreaseContribution (Percentage Points)
Hotels7.9%5.1
‘Other’ accommodation15.7%4.5

Hotels’ Quarterly Performance

Hotels saw a 7.9% increase in income, contributing 5.1 percentage points to the overall quarterly growth. The hotel sector continues to demonstrate robust performance.

Other Accommodation’s Quarterly Surge

‘Other’ accommodation experienced a significant 15.7% increase, contributing 4.5 percentage points to the overall quarterly growth. This indicates a growing preference for diverse lodging options.

Negative Contributor

Guest-houses and guest-farms were the only negative contributors, with an 11.9% decrease, contributing -0.7 of a percentage point.

CategoryPercentage DecreaseContribution (Percentage Points)
Guest-houses/farms-11.9%-0.7

Monthly Performance

Seasonally adjusted income from accommodation increased by 1.7% month-on-month in April 2024. This followed a decrease of 0.8% month-on-month in March 2024.

Seasonal Adjustments

The seasonal adjustments indicate a positive trend for the accommodation industry in April 2024. The month-on-month increase of 1.7% demonstrates a recovery from the previous month’s decline.

Industry Insights

The steady growth in the tourist accommodation industry reflects increasing travel and tourism activities. The rise in stay unit nights sold and average income per stay unit night sold highlights the sector’s resilience and adaptability.

Future Outlook

The accommodation industry is expected to continue its positive trajectory. With hotels and ‘other’ accommodation types driving growth, the sector remains a vital component of the tourism industry.

Conclusion

The tourist accommodation industry’s performance in April 2024 showcases a healthy growth trend. Both year-on-year and quarterly increases in income point to a robust future for the sector.