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INE: Hotel Prices Up By 17.7% So Far This Year

Posted by: In: Real Estate 16 Aug 2016 Comments: 0 Tags: , , , , , , , , , , ,
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16 August 2016 – El Economista

The price of hotels and other accommodation increased by 17.7% during the first seven months of 2016, according to data published by Spain’s National Institute of Statistics (INE).

Nevertheless, prices in those establishments fell by 2.4% in July compared with the same month last year, after they had increased by 3.7% compared with the previous month.

On the other hand, the price of air transport in Spain decreased by 3.8% in July compared with the same month in 2015. Meanwhile, air travel prices increased by 5.2% with respect to June and by 6.7% cumulatively during the seven months to July.

In terms of road transport, prices rose by 0.4% in July compared with July 2015. With respect to June, those prices remained stable (0.0%) and rose slightly (+0.1%) cumulatively during the year to date.

Meanwhile, the price of railway transport rose by 0.3% in July compared with the same month in 2015. There was no change in railway prices compared with the previous month, and during the seven months to July 2016, the increase amounted to 0.1%.

Original story: El Economista

Translation: Carmel Drake

The post INE: Hotel Prices Up By 17.7% So Far This Year appeared first on Aura Real Estate Experts.

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