IAT-Açores - Tourism Leading Indicator for the Azores
This Press Release begins SREA’s disclosure of a new project: Tourism Leading Indicator for the Azores (IAT-Açores).
Based upon an econometric model developed by SREA and data gathered up to this date, namely the evolution of aerial passengers disembarked in Azorean airports and of the value of ATM cash withdrawals, it is estimated that the nights spent at traditional hotels and similar accommodation during the month of March is 88 thousand.
Tourism - February 2016
Overnight stays spent in the Azorean hotel establishments increased by 57,2% in February 2016 compared with February 2015. From January to February, overnight stays spent in the Azorean hotel establishments increased by 61,4% compared with the same period in 2015. Overnight stays spent by residents increased by 44,7% and overnight stays spent by non-residents increased by 85,8%.
Guests registered an increase of 37,8% in February and an increase of 41,7% from January to February.
In February 2015, the average stay was 2,90 nights (14,2%) and the bed occupancy rate stood at 26,4% (8,6 p.p.).
Total revenue increased by 58,9% and revenue from accommodation increased by 60,0% in February 2016.
RevPar was EUR 15,0 and registered an increase of 51,5 %.
Consumer Price Index - March 2016
The 12-month average rate of the Consumer Price Index (CPI), was 1,20% in march 2016. The annual rate increased to 1,17%. The monthly rate was in march 2016 1,64%.