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Hotels on the rocks?
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Room occupancy at Gibraltar hotels would seem to indicate that the industry as a whole appears to be on the rocks. And that is nothing new.
In other places, such as in the Costa del Sol, if a hotel does not have 90% occupancy at the minimum, they start to get worried.
The latest figures for Gibraltar show that in 2009, occupancy was 57%.
And apart from 2004 and 2005, when it was 68%, the situation has not been anything to write home about.
Another negative factor is that average length of stay remains quite low at around 3 days.
31-01-11
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