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Barcelona hotel ADR and RevPAR boosted by Spanish Grand Prix
Tuesday, 16th July 2024
Source : STR

Thanks to a boost from the annual Spanish Grand Prix, Barcelona's monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs.

June 2024 (year-over-year % change):

  • Occupancy: 87.3% (+1.7%)
  • ADR: EUR 231.30 (+11.4%)
  • RevPAR: EUR201.84 (+13.3%)

The Grand Prix pushed occupancy to 95.3% on Saturday, 22 June, matching for the monthly high with the night of a Rammstein concert on Tuesday, 11 June. The level on those two nights was the highest in the market since October 2023.

The Grand Prix also pushed ADR and RevPAR to EUR343.11 and EUR327.04, respectively. That daily ADR level was the highest in the market since February.

CoStar’s world-leading hotel performance sample comprises 82,000 properties and 10.7 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

For more information about the company and its products and services, please visit www.costargroup.com

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