The COVID-19 pandemic and lockdown regulations since 27 March 2020 have had an extensive impact on economic activity. Measured in nominal terms (current prices), total income for the tourist accommodation industry decreased by 98,0% in May 2020 compared with May 2019.
Income from accommodation decreased by 98,5% year-on-year in May 2020, the result of a 98,0% decrease in the number of stay unit nights sold and a 24,2% decrease in the average income per stay unit night sold.
In May 2020, all accommodation types recorded large negative year-on-year growth in income from accommodation. The main contributors to the 98,5% year-on-year decrease in income from accommodation were:
hotels (-98,2% and contributing -65,9 percentage points); and
‘other’ accommodation (-98,8% and contributing -27,4 percentage points).
Income from accommodation decreased by 77,0% in the three months ended May 2020 compared with the three months ended May 2019. The main contributors to this decrease were:
hotels (-77,1% and contributing -51,0 percentage points); and
‘other’ accommodation (-76,4% and contributing -21,6 percentage points).
Seasonally adjusted income from accommodation decreased by 96,8% month-on-month in April 2020 and decreased by a further 20,7% month-on-month in May.