The average global occupancy rate per room in the Algarve region fell by 86% compared to the same period in 2020
The average occupancy rate in hotel units in the Algarve in March was 4%, so this was the worst March in the last 25 years, in the analysis of the Association of Hotels and Tourist Enterprises of the Algarve (AHETA), which Record TV Europa today gave relevance in its news block.
According to the provisional data provided by the largest business association in the sector, the average global occupancy rate per room in the Algarve region fell by 86% compared to the same period in 2020 and by 92.2% compared to 2019.
For AHETA, the month of March 2021 was the worst in terms of room occupancy since 1996, the year when registrations started and the foundation of the association that integrates most hotels and tourist developments in the region.
According to the analysis by AHETA released by Record TV, sales volume decreased by 91.6% compared to 2020 and by 94.8% compared to the same month of 2019.
In the summary of the monthly evolution, the association states that the foreign market decreased 94.4% and the national market followed the trend with a 21.6% reduction in accommodation units in the Algarve.
“In accumulated values for the last 12 months, occupancy / bed recorded an average decrease of 68.3% and sales volume decreased by 64.9%”, concludes the association based in Albufeira, which recently about the support announced by the government, considered that the measures to support the economy to mitigate the effects of the pandemic “know little”, leaving companies in the sector “without prospects for the future”.