Spain’s hotels hope to beat pre-Covid levels this Easter week; Meliá, amongst the firms to play the recovery

Bankinter | The big Spanish hotel chains foresee occupancy levels this Easter week beating those prior to the virus. They all coincide in that the outlook is optimistic, despite the uncertainty fuelled by the conflict and escalating fuel prices. And in the majority of cases, they are are confident of exceeding or being very clost to pre-Covid levels during the Easter break. In some case, bookings are up 15% on…


Olympics cash wave too low to surf

LONDON | While the Earth begins to follow the 2012 Olympics' throb, as the Welsh authorities put it Tuesday morning, research to determine whose massive opportunity it is has kick-started. But the scope of the latest studies seems more restricted: instead of holding expectations of a general recovery for the UK's economy, think of particular sectors of the hospitality industry. And think London. According to data collected by Santander UK, London…

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Spanish hotels must be booming

They are thriving, actually. National statistics office INE on Friday published January’s data for the hotel sector in Spain and figures were all bright, a repeated event that has lately become a relief spot and an anchor for the economy of the country. Foreign tourist numbers were up by 4.6pc year on year to 2.78 million, average revenue per room rose by 0.1pc to €68.3 million, and occupation was 37.4pc…