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January 2023: Besides hotel stays, majority of tourists opt to stay in short term rentals

January 2023: Besides hotel stays, majority of tourists opt to stay in short term rentals

In the month of January 2023 our destination received a total of 98,942 visitors. Compared to January 2023 to January 2019 – which was before the start of the pandemic, you can see that Aruba has received 105% from what they received in January 2019, which indicated a growth of 5%. If you compare January 2023 to January 2022, you can see Aruba received 166% which indicates a growth of 66%. 

Markets and Categories of Accommodations 

In January 2023, a total of 82.8% of the tourists visiting Aruba were North Americans, 6.6% of tourists were from Europe, 8.4% of tourists were from Latin America,n and 2.1% were from other parts of the world. Looking at the categories of accommodation, in Januari 2023, a total of 36.1% of visitors stayed in High-Rise hotels, 8.1% stayed in Low-Rise hotels, 26.1% stayed at a timeshare, and 29.8% stayed in another type of accommodation, better known as short term vacation rentals.

Vacation Rentals 

It’s important to mention that A.T.A has access to a platform where you can see the amount of houses, apartments, and villas that are used as vacation rentals, as well as the average nightly rate, the occupancy and a calculation of the earnings that these short term rentals generate. If you compare January 2023 to January 2022, you can see that the average price grew by 15%; from an average price of $236 per night in January 2022 to a price average of $271 in January 2023. 

If you compare January 2023 to January 2019, you can see that the price average of accommodations has grown by 43%; for a price average of $189 per night in January 2019 to a price average of $271 in January 2023. If you compare January 2023 to January 2022, you can see that the occupancy average grew by 7% , from an average of 61% in January 2022 to an average of 68% in January 2023. If you compare January 2023 to January 2019, you can see an average of 65% in January 2019 compared to an average of 68% in January 2023. 

When it comes to profit, if you compare January 2023 to January 2022, you can see that this generated a growth of 42%. If you compare January 2023 to January 2019, you can see a growth in profit of 195%. 

The Year 2023 

In the year 2023, will continue to use these four indicators to measure the growth of tourism. Compared to 2019, in 2023, it’s estimated that the amount of visitors will recuperate 105%, visitor spending will recuperate 117%, hotel room profits according to the calculations of AHATA will recuperate 100%,  the amount of cruise ship visitors will recuperate between 90% to 100%.

 

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