This summer 85% average occupancy in active GATs with a 46% year-on-year increase
- The positive evolution during the successive weeks of the current summer season is consolidated and represents an increase of 46% compared to the same period in 2020.
- In the case of August we are talking about figures that will exceed 90% average occupancy in most of the assets managed by GAT.
The slow recovery process with ups and downs in the sector that was maintained throughout the months of May and June has given way to a very positive summer season 2021 in the case of the GAT portfolio of assets.
The classic destinations such as Levante and Andalusia are the most favoured and the national tourist is being the main protagonist of a summer season that is yielding better figures than in 2020 when the scenario of uncertainty caused by the pandemic limited travel and stays.
The value of the figures in GAT
The good figures achieved are undoubtedly due to the better conditions of the current season for the sector in general. In particular, and in the case of the assets operated by GAT, it was a great challenge and for this reason no effort has been spared throughout this long period of pandemic and post-pandemic with the aim of optimising management by implementing commercial, operational and human resources policies aimed at improving the positioning of the assets within the markets.
An initial executive summary provides data and figures that show a turnover by July 2021 of up to €7.8m for the total assets under GAT’s management.
To all this must be added the good expectations for the remaining weeks of August, and the average bookings recorded for the month of September, currently above 60% occupancy forecast, which suggests a good end to the summer season for GAT and its portfolio despite the complex circumstances.
Employment and economic activity in the destinations
The main consequence of the reactivation of the sector is directly felt in the local economies and the impact on employment ratios in the destinations. In the specific case of GAT, Gestión de Activos Turísticos, this means that we are currently maintaining an average workforce of over 2,000 employees, having rescued 98% of the workforce from ERTE.
GAT’s portfolio includes resorts such as La Sella Golf Resort in Denia (Alicante), which includes premium villas The Residences La Sella and the 5* Denia Marriott La Sella hotel, or the Islantilla Golf Resort complex on the coast of Huelva, which includes the franchised DoubleTree by Hilton Islantilla hotel, the premium flats The Residences Islantilla and the management of the 27-hole golf course and the Beach Club. In the province of Cadiz we have the Encinar de Sotogrande hotel, also of 4* category, with a very close and privileged location to the well-known golf courses in the province, such as Valderrama.
At the end of 2020 the GAT portfolio was increased with the operation of the 4* Aragón Hills Hotel & Spa in Formigal (Huesca) and the Marina d’Or Holiday City, which includes five hotels of various categories (5-4 and 3 stars), more than 300 tourist flats, the leisure and amusement parks and more than 30 restaurants and shops distributed throughout the popular Resort. The co-management project in Levante includes the operation of two more hotels in the town of Villareal in Castellón and several restaurants in the city of Valencia.