The reservations of tourist rental apartments fall to 84% despite the fullness of Mallorca

The occupancy of tourist rental homes on the Spanish coast during this month of August drops to 84.

Oliver Thansan
Oliver Thansan
31 July 2023 Monday 10:22
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The reservations of tourist rental apartments fall to 84% despite the fullness of Mallorca

The occupancy of tourist rental homes on the Spanish coast during this month of August drops to 84.3%. It is a high level, but far from the 90.9% of last year, according to the conclusions of a study by Rentalia, a platform specializing in this type of accommodation on the Idealista real estate portal.

The decrease of 6.6 points in the occupancy level is not uniform in the main holiday destinations. Where it is practically impossible to find a tourist rental house this month is in Mallorca, where 99.5% of the properties less than 15 kilometers from a beach are already reserved. Other coastal destinations are also close to full occupancy, such as Menorca, with 97.3% of the rental accommodation reserved; the coast of the province of Malaga, with 91%; that of Lanzarote, with 90.8%, and that of Asturias, with 90%.

The province of Barcelona, ​​for its part, registers a level of reserves of 89.4% with respect to available homes for the month of August, followed by the coast of Girona, with 87.5%; that of Castellón, with 86%; that of Alicante, with 85.8%; that of Tarragona, with 85%; that of Murcia, with 84.8%, and that of Almería, with 84.6%.

Below the national average occupancy is the coast of Cantabria, at 83.7%; followed by the coast of the province of Cádiz, with 83.5%; Pontevedra, with 82.3%, and the coast of the province of A Coruña, with 80.3%.

The beaches of Huelva, with an occupation of 44.6%, are the red lantern of the table. The coast of Tenerife, with 72.8%, and the coast of the province of Valencia, with 75.8%, are also at an occupancy level considered to be improvable.

Asturias, Murcia, Pontevedra and Lanzarote lead the group of destinations where occupancy in tourist homes has grown in August compared to the same month last year. On the opposite side, with a year-on-year decrease in the number of reservations, are Huelva, Valencia, Tarragona, Girona and Alicante.

“In recent months, different market agents have indicated that supply continues to recover and is close to pre-pandemic figures, which, given stable demand, results in a slight decrease in the occupancy level. We believe that this summer's results are part of a process to return to normality in the sector”, highlighted the director of Rentalia, Almudena Ucha. In other words, 2022 was a totally exceptional year for the sector and in this 2023 the reserves are beginning to normalize.

Regulating the proliferation of tourist rental homes that do not meet minimum safety requirements for travelers is a constant demand from the hotel sector, which this summer expects to close its best high season in history. Despite this, from Exceltur and from practically every large chain, the future government is being demanded to act to stop the leasing of real estate outside the law.