It’s sunny over Spain’s hotel industry

MADRID | The hotel sector in Spain has released its June data. It’s mainly positive news, in line with the optimistic expectations of the financial City of Madrid and efforts of the industry to reactivate the domestic demand without missing foreign tourist interest. Year on year, tourist visit rate increased by 4.7 percent to six million. Accumulated growth in the first half of 2012 was of 2.9 percent to 25.1 million tourists.

Traditional foreign markets saw higher rates, a +8 percent from the UK and +4.5 percent from Germany. Night stays of British tourists rose by 11.2 percent. In general, more tourists choose hotel accommodation (+8.5 percent), and bought holidays packages (+15 percent).


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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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