The latest figures compiled by ASOLAN, Lanzarote’s association of hoteliers, reveal that hotel occupancy on the island fell to its lowest level in over forty years last month. With the number of occupied beds failing to even reach 50% of capacity.
Last months occupancy figures of 49.10% are the lowest set of figures ever recorded on Lanzarote in over four decades. Some segments of the industry fared better than others, with four star hotels managing to reach 52.22% and aparthotels recording 52.36% occupancy.
However, the continuing economic downturn and the recent weakness of sterling against the euro is clearly now starting to deeply bite into the islands holiday accommodation sector.