Hotel, hostel and hostel prices increased by 50% last year

This The prices of hotels, hostels, hostels and similar accommodation services in Spain have increased by 50.5% in the last year.According to the Consumer Price Index (CPI) data released by the National Institute of Statistics (INE) this Friday, it also detects an increase in the prices of especially international flights.

End of travel restrictions and increase in touristic activities, 19.4% in hotel prices in April, is added to the increases in the previous months. With this, last year’s increase already exceeds 50%.

In April, the prices of holiday centers, campgrounds, youth hostels and similar accommodation services did not change compared to March and increased by 1.7% last year.

According to INE data, the title referred to as a whole restaurants and hotels rose 1.7% month on month in AprilIn the last twelve months, the increase rose to 5.8%, 1.4 points higher than the figure recorded in March.

Accommodation services were also responsible for the high level (8.3%) of the general CPI for April in Spain. Prices increased by 11.7% in April compared to the previous monthannual variation jumped to 27.9%.

More than 11% on tour packages

Prices for tourist packages registered a 10.7% increase in April compared to March, offering an even greater increase in their annual variation, up to 12.3%. Behind this price increase is Easter, which is celebrated in April this year.

When it comes to national tourist packages, the arrival of good weather caused a 7.4% month-on-month price increase last April. According to the data consulted by Europa Press, the price of international tourist packages also increased by 12.3 percent in the said comparison.

With this, the prices of national tourist packages so far this year increased by 8.3% compared to the same period of the previous ones rose 14%.

The start of the spring season also caused an increase in flight prices. Thus, domestic flight tickets increased by 2.8% and international flights increased by 12.3% on a monthly basis..

With this increase, domestic flight prices increased by 3.8% and international flight prices by 9.6% in the last twelve months.

Moderation of the general CPI

Overall, Spain’s Consumer Price Index (CPI) fell by 0.2% month-on-month in April due to cheaper electricity and gasoline, lowering its annual rate by 1.5 percentage points to 8.3%. These figures improve the data released by the institution at the end of last month, which pointed to an annual inflation of 8.4% and a monthly rate of -0.1% in April.

Despite the CPI continuing at unusually high levels, this indicator has not dropped this much in a month in over 35 years, especially since January 1987. Moreover, the fall in April is the first fall in inflation after two months. Strong increases in CPI kept CPI at 9.8% in March, its highest rate in nearly 37 years.

According to statistics, the main reason for the annual CPI falling to 8.3% is the decrease in electricity and fuel prices for personal vehicles.

Source: Informacion


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