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Urban hotels, travel agencies, transport and leisure see increased sales and results

Urban hotels, transport companies, car rental firms, travel agencies and leisure organisations have seen increased sales and results in the second quarter of 2019, according to the latest tourism business balance sheet from Exceltur. At the same time, resort hotels have suffered as their Mediterranean competitors recover

22 Oct 2019

During the second quarter of 2019, urban hotels registered a marked increase in revenue (RevPAR increased 6.2% year-on-year in the months of March-May), which resulted in increased sales for 65.7% of establishments and an overall improvement in results for 49% of establishments.

At the same time, travel agencies enjoyed a boost in consumption by Spanish people (+2%, according to the consensus of analysts), which favoured a noticeable increase both in travel abroad (spending rose 10.4% as of April, according to the Bank of Spain) and to Spanish destinations, for those with a large inventory of regulated accommodation.

Car rental companies experienced a slight increase in sales (affecting 79.3% of companies) at the end of the second quarter. Meanwhile, leisure activity companies enjoyed moderate increases in sales (for 75.1% of companies) and results (in 70% of cases).

For transport companies, the rate of improvement in sales and results eased off, due to increased costs and greater pressure on prices. At the same time, resort hotels were the sub-sector that suffered most from the recovery of their competitors in the Mediterranean region.