Updating data on cancellations and no shows in Madrid and Barcelona (updated on 03/18/2020)
Last week, together with advice on how to act in the current situation, we shared data on the cancellation rate in Madrid and Barcelona. We have updated this data and added relevant information also about no shows. We will continue to share this data with you to help you assess the performance of your market and developing trends.
Total Room nights (by arrival date): following the 2019 trend until March 8, where the number of reservations begins to drop dramatically. The difference with the same time last year is obviously considerable, we see how the reservations were growing at the same dates last year.
No shows ratio: It is striking to observe the curve of no shows in Madrid, as it begins to grow on March 7 to reach its turning point on the 14th (almost 60%), when the state of alarm is declared in Spain, then it begins to decrease, while cancellations continue to grow.
Total Room nights (by arrival date): It follows the same behavior as the curve of room nights in Madrid, they begin to fall from March 8 to 9.