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Economy

Colombian hotels keep hiring as profits, guests drop

by Michael Kay October 6, 2008
1.1K

Hotels of all sizes saw their income drop an average of 7.7 percent in
July compared to the year before as guests fell 3.1 percent.
Year-to-date data income is still in the black, but only by 2 percent.

Meanwhile, hotel employment rose 1.4 percent compared to the same period, according to the National Statistics Administration Department, as reported by El Espectador.

Most Colombian residents were away from home for reasons of business (44.7 percent), followed closely by pleasure (42.1 percent), with conventions (10.2 percent) rounding out the major reasons.

Business was the reasons for 62.3 percent of non residents and conventions for another 8.3 percent, while only 25.8 percent said they were on vacation.

The low number of guests hit hotels with 100 rooms or less hardest, with an 8.4 percent decline in income versus last year. But those with more than 150 rooms also saw a 6.7 percent fall.

Yet personnel at the nation’s hotels rose, led by 2.6 percent growth at hotels with more than 150 rooms. Overall, personnel increases have averaged 4.1 percent since the beginning of the year, again led by the largest hotels.

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Colombia News | Colombia Reports
  • News
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  • Travel
    • General
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@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top

Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion