This illustrates an 18% growth compared to 2019 and March 2023 saw a 2% growth in the number of stayover visitors compared to 2019.
Tourism receipts 2022
Every quarter the Central Bank monitors Tourism Receipts, which shows the amount of money that tourism brings to our economy. The A.T.A. has set a goal of reaching a 95% recovery for this indicator by 2022. The Central Bank recently published the figures for the last quarter of 2022. This illustrates a 118% recovery in Tourism Receipts in 2022 compared to 2019.
The importance of this indicator for the recovery of our tourism should be emphasized, as it is one of the indicators that illustrates not the number of visitors who came to Aruba, but the amount of money generated through their visit. Tourism Receipts are the direct income generated through tourism and exclude the indirect income that Aruba’s economy generates thanks to the tourism industry.
March 2023 in comparison to 2019 and 2022
In March 2023, our destination received a total of 109,295 stay-over visitors. Comparing March 2023 to March 2019 – which was the last normal year of tourism, Aruba recovered 102% of the locations received in March 2019, indicating a growth of 2%.
Comparing March 2023 to March 2022 can see a 114% recovery indicating a 14% growth.
Markets and Categories of Accommodation
In March 2023, 84.8% of the total “stayover” visitors to Aruba were from North America, 5.7% were from Europe, 7.2% were from Latin America and 2.3% were from other parts of the world.
Looking at accommodation categories, in March 2023 36.6% of visitors stayed in High-rise hotels, 8.9% stayed in Low-rise hotels, 25.2% stayed in Timeshare and 29.3% stayed in other types of accommodation, also known as vacation rentals.
Vacation rentals
It is important to note that the A.T.A. has access to a platform where they can view the number of homes, apartments and villas being used as vacation rentals as well as the average price per night, occupancy and a calculation of the income they generate.
Comparing March 2023 to March 2022 shows that the average price of these accommodations increased by 12%, from an average price of $237 per night in March 2022 to an average price of $266 in March 2023. Comparing March 2023 to March 2019, the average price of these accommodations increased by 45%, from an average price of $184 per night in March 2019 to an average price of $266 in March 2023.
Comparing March 2023 to March 2022 shows that the average occupancy of these accommodations decreased by 1 percentage point, from an average of 63.7% in March 2022 to an average of 62.7% in March 2023. Comparing March 2023 to March 2019, the average occupancy of these accommodations increased by 19.1 percentage points, from an average of 43.6% in March 2019 to an average of 62.7% in March 2023.
In terms of revenue, comparing March 2023 to March 2022 shows that the category generated revenue growth of 24%. Comparing March 2023 to March 2019, the category generated revenue growth of 156%.
Vacation Rentals
2019
2020
2021
2022
2023
ADR
$184.00
$200.00
$220.00
$237.00
$266.00
Occupation
43.6%
35.6%
45.6%
63.7%
62.7%
Revenue
$7,427,712
$5,312,008
$8,819,847
$15,317,752
$18,982,857
Source: A.T.A. (Transparent)
To receive the A.T.A. Statistical Monthly Report each month, please contact Melanie Kelly at m.kelly@aruba.com
