Real Estate News, Reviews and Investment
News: hotel real estate in Spain still strong.
The Spanish hotel real-estate market has shown the world how it has been able to be resilient in comparison to other economic sectors. The resilience has remained strong even after the country went into a double-dip recession since 2008.
Performances of two real-estate strongholds
According to expert analysts from the property consultants Jones Lang La Salle, Barcelona and Madrid have been regarded as two strongholds of real-estate performance in the country. The report says that they are performing in different ways.
The two markets
The report claims that the resilience of Barcelona’s hotel industry is a result of the blooming popularity of the city among international tourists. Tourist arrivals in 2012 accounted for 84% of total bed nights, consolidating Barcelona’s strong position as a leading tourist destination.
The report says that with 2 years of consecutive RevPAR increases, Barcelona remains at the forefront of the Spanish hotel industry and has been the target, along with Madrid, for international investors. Madrid has continued to be top priority in the eyes of international brands that are keen to enter the market that has been dominated by national developers.