Hotel prices continue to skyrocket but slow their rise at the gates of summer
The last Holy Week skyrocketed hotel prices and, a month later, at the gates of a summer stressed by high demand, hotel prices continue to rise but have slightly slowed their growth. The annual rate of the Hotel Price Index (HPI) stood at 22.1% in May, which is 7.4 points less than that registered the previous month, according to data published this Thursday by the National Institute of Statistics (INE).
Tourism is stressed: early vacations, last minute reservations and lack of staff at airports
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By autonomous communities, the highest increases in hotel prices compared to May 2021 have occurred in the Community of Madrid (44%) and Andalusia (34.8%). On the other hand, the smallest increase was registered in the autonomous city of Ceuta, with an annual variation rate of 0.4%. By categories, the greatest increase in prices occurs in establishments with three and two stars (26.8%).
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