Hotel occupancy in Colombia decreased during January

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Hotel occupancy in Colombia decreased during January
Tue March 12, 2019

The country had a decrease of 0.63 percentage points, closing at 52.99% compared to 53.62% reached in January 2018


In its most recent report on hotel indicators, the Hotel and Tourism Association of Colombia - Cotelco concluded that during the month of January hotel occupancy in the country had a decrease of 0.63 percentage points, closing at 52.99% compared to 53.62%, figure of January 2018.

For Gustavo Adolfo Toro Velásquez, Cotelco's national executive president, "the lowest percentage of hotel occupancy is in the normal range of variation of the indicator, however, the adjustment evidenced in the destinations of Bogotá, Cartagena and San is striking. Andrés, places that stand out for their high contribution to the national consolidated; added to the downward trend that has been brought since last year, destinations such as Quindío and Tolima and Alto Magdalena. "

At the destination level, San Andrés closed at 75.99% occupancy, being the highest in the country, despite the decrease of 14.64 percentage points. In second place was Magdalena, with a record of 66.22% and a growth of 0.56 percentage points, followed by Caldas, which reported an average occupancy of 62.27% and a growth of 7.85%.

Other destinations that reported favorable results in the percentage of employment for the period were Casanare (+6.47 pp), Norte de Santander (+3.71 pp), Atlántico (+3.52 pp), Valle del Cauca (+3.25 pp), Risaralda (+3.22 pp), Antioquia (+3.16 pp), Huila (+2.40 pp), Nariño (+2.03 pp), Boyacá (+0.61 pp), Cesar (+0.41 pp) and Santander (+0.06).

For its part, Bogotá D.C., a destination with a high focus on the corporate segment, fell 0.76 percentage points, which for the month of February promises to recover thanks to the dynamics of meetings and events tourism. In the same way Cartagena fell 3.34 percentage points, however, the Walled City will be able to improve its tendency once the different events that have been programmed are executed.

Other destinations with a decrease in their occupation indicator, in the reference period, were Quindío (-6.89 p.p.), Tolima and Alto Magdalena (-4.88 p.p.), Barrancabermeja (-4.68 p.p.) and Meta (-3.81 p.p.).

"Despite the figure reported in January, we maintain the favorable trend for 2019, so the hoteliers unionized in Cotelco expect to close the year above 56%, because our scenarios show a greater flow of domestic tourism and growth in the arrival of international tourists ", commented the national executive president of the Association.

In terms of profitability of the hotel sector in the country for the month of January, and according to the sample of 47,099 rooms that Cotelco survey, real income decreased by 5.7%, while the RevPar (profitability indicator per available room) decreased at 5.6%. This was the result of the lower adjustment in the real rate, which rose just 0.13%, as well as the lower occupancy level in the main destinations, which, as already indicated, was -0.63%.


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