Lanzarote’s hotel rates the fastest growing in the Canary Islands

The latest Hotel Occupancy Survey from the National Statistics Institute (INE) has revealed that Lanzarote has the fastest growing average hotel rates in the Canary Islands.

The average hotel rate on Lanzarote increased by 13.8% last month, when compared to March 2023, reaching a total of 139.91 euros on average per night. This places Lanzarote as the island with the fastest growing hotel rate with an increase of 19.41 euros.

By municipalities, hotel rates in Teguise increased by 32 euros, rates in Tias increased by 21 euros, and rates in Yaiza increased by 14 euros when compared to March last year.