The Spanish Confederation of Hotels and Tourist Accommodation (CEHAT) said that Spain’s hotels put their losses at €192m ($243.8m) as a result of the volcanic ash crisis last month.
The findings were uncovered during a study commissioned by CEHAT, which reveal 18% of hotel losses were attributed to repatriation and discounts, while 82% was cited for last-minute cancellations.
The Canary Islands was the most affected area with a 60% fall in revenues while The Balearic Islands lost 31%.
Hotels in central and northern Spain were relatively unaffected by the volcanic ash cloud.
CEHAT comprises 64 associations with more than 10,000 hotels.