Formula One drove Barcelona hotel ADR and RevPAR to all-time highs in June
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, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
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, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
June 2024 (year-over-year % change):
- Occupancy: 87.3% (+1.7%)
- ADR: EUR231.30 (+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.For more information about the company and its products and services, please visit www.costargroup.com.