Hotel Occupancy Rates

January 2003

 

 

Hotel Occupancy rates for January 2003 increased 22.3% over 2002.  This increase comes after a 14.1% decline experienced in December 2002.  Occupancy for this month averaged 53.7% compared to 43.9% in 2002 and 43.1% in 2001.  For the month of January tourist arrivals were also up but by a lesser percentage of 3.9% compared to January 2002.

 

Occupancy rates at large hotels i.e. with 51+ rooms, were at near to full capacity. They also showed the largest increase from January 2002 and the medium sized i.e.:20 to 50 rooms category, increased in occupancy for January by 16.5%, while small hotels i.e. those with less than 20 rooms declined 9.1%.  Most of the larger tourist establishments were recording high occupancy levels for this reporting period.

 

Occupancy rates for small hotels for the period January 2002 averaged 30.8% compared to 33.9% in 2001.  Large Hotels showed a 40% increase in January relative to last year.  This category had a combined average occupancy of 94.3%, whilst hotels with 20 to 50 rooms averaged 35.9% occupancy in January 2003 compared to 30.8% for the same period in 2002.

 

 

Average Monthly hotel Occupancy Rates January 2003

 

 

 

Hotels  (Rooms)

2000

2001

2002

2003

Tourist Arrivals %

January

Occupancy Rate

Occupancy Rate

Occupancy Rate

Occupancy Rate

01/00       02/01       03/01

 

 

 

 

 

 

< 20  Rooms

17.4

25.6

33.9

30.8

 

 

 

 

 

 

 

20  - 50 Rooms

48.4

37.7

30.8

35.9

 

 

 

 

 

 

 

51+ Rooms

59.7

72.1

66.9

94.3

 

Avg

41.8

45.1

43.9

53.7

25.0           (14.1)      3.9