He Institute of Statistics of Andalusia published this Friday its latest ‘Price Index and Profitability Indicators’ of the community’s hotels, relating to the month of October. and throws positive data for this type of accommodation activity in the city of Córdoba – it must be borne in mind that it works in their favor that said month is the end of the second high seasonwhich begins in September.
This work For example, it measures the profitability indicatorwhich reflects the average income by room available. This indicator is constructed by multiplying the rate by the number of occupied rooms and dividing the result by the total number of rooms available to establishments on the market. This is technically called revPAR and is a profitability “thermometer” widely used in the lodging industry.
In the specific case of the capital, its hotels, hostels and pensions were located last month at 84 euros average income by remain available. This figure implies a significant year-on-year increase of 18.9%. And we must take into account that the data for October 2024 are crossed with those of 2023, the year in which this month had the tourist bonus of having the Puente del Pilar.
He profitability indicator registered for this type of accommodation in the city of Cordoba topped with comfort reached in Andalusiawhere the average income per available room was 78 euros, or 7.1% below the level reached in our city. In the region, the increase compared to the year was 6%, almost 13 points less than here.
He revenue per available room October extends and improves the record reached in September. Over this period, profitability amounted to 65.3 euros, which represents growth of 11.8% compared to 2023.
Average price
The work of the Andalusian Institute of Statistics also highlights a key indicator for constructing the profitability thermometer: the average hotel rate. Last month, in Cordoba, the enter the price of a room was 102.7 euros. This amount was placed 7.5% above compared to that achieved a year earlier.
In these data, the capital’s hotels remain behind below the Andalusian averagei.e. 110.2 euros -7.5 more than here-. Of course, the regional growth rate amounted to 4.6%, which is almost three points less.
