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tourism 2022 fv revenue

Tourism revenue in FV 2022

Tourism revenues leave 614.1 million euros last year in Fuerteventura.

Overnight stays down 3.8% on the island but total income up 10.2%.
The tourism industry is still the economic engine of an island where almost 70% of GDP depends on it. The lack of diversification means that we are subject to the locomotive continuing to operate so that there is no social bankruptcy.


In this sense, tourism does not stop giving, in this 2023, good news to the Canary Islands. And, although last year's overnight stays did not reach those of 2019, pre-pandemic figures, the truth is that revenues were much higher. Great news for the islands.


In fact, the hotel and non-hotel plant of the Archipelago closed 2022 with 86.7 million overnight stays and is still 11.5% of those registered in 2019, but total revenues grew and in 2022, with 752,000 tourists staying less than in 2019, the total collection exceeds that of that year by 230 million.


In addition to overnight stays, the evolution of other indicators of interest helps to understand the situation of this sector that is consolidating its recovery. Thus, in terms of travelers staying in tourist establishments, the Canary Islands closed 2022 with a total of 12.6 million people, which is still -5.6% compared to 2019, when it ended with 13.4 million.


Total revenue 2022


Regarding total income in accommodation establishments, a total of 4,154 million euros were registered throughout the Canary Islands, 5.8% more than the 3,924 million euros in 2019. This is the indicator that experiences the best performance in relation to the other two: travelers staying and overnight stays, which means that the average expenditure made in accommodation establishments has increased. Thus, with 752,000 fewer tourists staying in this period compared to 2019 (-5.6%), income in accommodation establishments exceeds by 230 million (5.86%) those of that year.


In five islands, the total accumulated revenues are higher than those registered during 2019, with El Hierro presenting the best data (3.5 million, +28.3%). Also Lanzarote (735.4 million, +11.4%), Fuerteventura (614.1 million, +10.2%), Tenerife (1,528.9 million, +7.5%) and Gran Canaria (1,210 million, +0.4%) show positive figures. On the other hand, La Gomera (30.37 million, -12.7%) and La Palma (32 million, -25%) continue with indicators lower than those of 2019.


With regard to overnight stays, all the islands are in lower figures than in 2019. The largest decrease occurred in La Palma (-46%), followed by La Gomera (-28.8%). With falls of between 10% and 20% are Gran Canaria (-19.7%) and El Hierro (-17.8%). Finally, the islands of Tenerife (-7.7%), Lanzarote (-7.6%) and Fuerteventura (-3.8%) show the smallest decreases.


Travelers staying 2022


In the case of travelers staying, the trend is very similar to overnight stays, with Fuerteventura being the only one that increases its figures compared to 2019 with an increase of 3.9%. The islands of Tenerife (-1.9%) and Lanzarote (-4.6%) experienced declines below 10%, while La Gomera (-30.5%), La Palma (-30%), Gran Canaria (-12.8%) and El Hierro (-11%) recorded worse figures.


Finally, with respect to occupations per place last December, the average throughout the Canary Islands was 68.84%. The island with the best average occupancy was Tenerife (71.41%), followed by Gran Canaria (70.78%), Lanzarote (70.75%), Fuerteventura (61%), La Gomera (60.2%), La Palma (46.83%) and El Hierro (20.76%).


Positive indicators compared to 2021


Although many of the indicators still do not exceed the figures of 2019, they have done so compared to 2021. Overnight stays have increased by 115.7%, with 46.5 million more overnight stays.


Also staying travelers show a significant increase compared to 2021, 99.7% and 6.3 million more guests. Finally, total revenues improved considerably, by 120.2%, which means 2,268 million euros more.


About the Ashotel Observatory

The Observatory of Tourism Competitiveness and Sustainable Development is Ashotel's platform for surveillance, intelligence and foresight in sustainability, corporate responsibility and innovation in the accommodation sector in the Canary Islands. It is constituted within the guidelines of the sustainability and digitalization strategy of Ashotel 2030 that arises from the need to provide the accommodation sector with a roadmap for the promotion of a more responsible and sustainable tourism.
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Radio Sintonia:

Tourists increase their spending in Pájara, Antigua and La Oliva in 2022.

Spending per tourist in the destinations that make up the Association of Tourist Municipalities of the Canary Islands (AMTC) increased by 15% in 2022 compared to 2019, the year before the pandemic, taken as a reference to measure the recovery of the main economic activity of the archipelago. If in 2019 the average expenditure was 1,157.3 euros, last year it rose to 1,331.8 euros.

In Fuerteventura, spending per tourist in Pájara went from € 1,227.25 in 2019 to € 1,374.55 in 2022, in Antigua the increase was from € 1,071.53 to € 1,189.83, finally, in the municipality of La Oliva the expenditure per tourist was € 1,104.29 in 2019 and in 2022 it was registered at € 1,253.07.

In the last edition of Fitur, at the presentation of the AMTC stand at the fair, the president of the Association, José Miguel Rodríguez Fraga, already anticipated the significant growth detected, taking then the data between January and November 2022, which was 1,331.9 euros, according to the Canarian Institute of Statistics (Istac).

The data are even higher than the whole of the Canary Islands: 1,122.58 in 2019 by 1314.14 in 2022, without losing sight of the fact that the 13 municipalities of the AMTC hosted 98% of overnight stays last year, more than 85 million.

Last February, BBVA Research published the Canary Islands Situation 2023 report, which corroborated the recovery in tourism spending and that it had given a differential boost to the Canary Islands. In 2022, prices and revenue per available room were 14% and 13%, respectively, above 2019 values. "Part of this increase is due to costs, but another part could have favoured higher profitability, helping to clean up the financial position of the sector," the report read.

The analysis stated that "although in the whole of 2022 overnight stays and the occupancy rate have not yet reached pre-crisis levels, the hotel supply on the islands has already recovered".

Returning to the data offered by the Istac, this significant increase in spending can also be seen municipality by municipality, with some above 1,500 euros per stay.
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