Update on the Algarve occupancy rates

algarve-occupancy-rates

Time for a bit of an update in regards to the Algarve occupancy rates, which according to data from AHETA – Association of Hotels and Resorts of the Algarve, increased in August as well.

The occupancy rates in the region’s tourist accommodation establishments reached a solid 92.1% last month, representing a 2.4% increase when you compare the number to August of 2012.

This increase in occupancy rates is attributed mostly to a rather significant rise in French, German and British markets – these three registering a healthy 37.9%, 21.8% and a rather modest, but still good, 10.4% increases, respectively – thus making the month of August the most successful since 2008, and that can only be great news.

The growth of those markets made up for the 4.9% drop in Portuguese tourists.

According to the president of AHETA – Eliderico Viegas – thought he French market especially grew considerably, this only represented 4.9% of the total, which is still dominated by British tourists, while at the same time, admitting that this higher occupancy rate does not necessarily mean an increase in profit, because the tourist establishments had to lower their prices in order to attract the business to begin with.

He did also add however, that if the occupancy rates continue their upward trend for the following four to five years, the region might reach the same level of success that it registered in the past.

During the last month of the calendar summer, the areas of Carvoeiro/Armacao de Pera saw a 3.9% increase, Monte Gordo/Vila Real de Santo Antonio 3.4% and Albufeira a 2.3% registered the biggest boosts in their occupancy rates.

Albufeira was the municipality that registered the highest occupancy rate, hitting a 95.8%, while Tavira was the lowers with an 86%.

We don’t have other numbers to go by, but we’ll keep an eye on what happens to the tourism numbers in the future and see how the region deals with the recent calls to not close down for the winter.




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