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Maltese hoteliers at their peak in November

Hosting the Migration Summit last November 11 and 12, Malta and its capital La Valette posted exceptional results in November 2015. These performances allow the country to end a particularly positive year for its hoteliers on a high note .

With a Revenue per available room up by 62.9% in November 2015 compared to the previous year, Malta's hoteliers clearly benefited from hosting the Migration Summit in La Valette. This even brought together sixty African and European directors as well as their delegations, on the 11th and 12th of the month. While the occupancy rate slipped slightly by -0.2 points across the month, it is clearly the increase in prices that drove hotel performances up. According to figures published by MKG Hospitality, these figures were up by 63.3%on the month of November alone with respect to a weak base point in this destination traditionally seasonal destination.

This exceptional November ended 2015 on a more than encouraging note for Malta's hotels: from January to November this year, the Revenue per Available room grew steadily, and by double digits (with exception to the month of April). On the first eleven months of the year, the indicator was up by 18.4%, in great part thanks to an increase in average daily rates by 13.4%.

Monthly evolution of hotel performances in Malta from January to November 2015, with respect to 2014

The occupancy rate, meanwhile, gained 3.2 points over 2014, to settle at 77.6%, which is particularly high with respect to most other European destinations. By observing monthly performances of Malta's hotel industry, one may observe occupancy that is close to saturation in the high season - the occupancy rate thus reaches 89.9% in June, 88.6% in July, 90.4% in August, 90% in September, and 87.2% in October. With respect to this indicator, it will be difficult for Malta's hoteliers top do much better next year; growth relays for business will thus come more from prices and the season's extension.

An increasingly popular summer destination, that has confirmed its ability to host a high-profile international conference, Malta is able to take on this year-end 2015 confidently. the excellent results of last winter remain to be confirmed in 2016  - last year the RevPAR posted a significant increase, with a 32.9% leap in February.

Also read:

  • In Malta, tourism is a treasure; 2014 set to be a rich year

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