Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain’s tourist sector 2017: more visitors, higher prices and better hotels

Source: El Pais - Mon 1st May 2017
Spain’s tourist sector 2017: more visitors, higher prices and better hotels

Spain’s tourist industry is on an upward trajectory and brimming with optimism. So far, the figures for 2017 show a hike in numbers on 2016, which was already a record-breaking year. According to data gathered by the Deloitte consultancy firm, 67% of company directors within the sector believe 2017 will bring more tourists, higher hotel prices and improved services.

“Those working in the industry have to gauge how much customers are really prepared to pay for their services,” said César Bengoechea, Director General of Deloitte at the presentation of the 2017 Tourist Forecast.

Tourism-related businesses predicted a good 2017 last year, but few had any idea how good. By the end of 2016, 73% said the forecast exceeded their expectations.

The Spanish tourism industry has been given a boost both by risk perceptions of other previously popular tourist destinations and also by increased momentum in the national and global economies – 60% of those surveyed predicted Spain’s economy would outstrip global growth. According to the Deloitte report, if this turns out to be the case, “It will have positive repercussions domestically on the tourist sector’s development.”

Bengoechea insisted that the future of Spain’s tourism industry now lies in upgrading services and hotels, making it less budget and more high-end. “Occupancy has reached record levels in the last 20 years,” he said. “The important thing now is to boost revenue by raising prices, not increasing numbers.” Other challenges to the sector include branding and nurturing talent.

Seventy executives from the sector were approached for the Deloitte survey – 58% managing hotels, 15% distribution, 13% transport and 14% miscellaneous. They said recreational and business tourism are areas that will experience as much or more growth than 2016.

According to the survey, three, four and five star hotels are predicted to put their prices up by 10% on last year, which will increase turnover and revenue.

“According to the National Institute of Statistics, (INE), last year’s occupancy grew by 3%, bringing it to 63%. The index of hotel prices also shows continual growth in all categories, with 10.5% year-on-year growth in the last two years,” says the report.

Refurbishments and other improvements to hotels have influenced this upward trend: in 2016, the hotel sector attracted more than €2 billion in investment for the second consecutive year. The most important industry deals included the Turkish Dogus Group’s acquisition of Hotel Villamagna in Madrid and the purchase of Hotel Pullman Barcelona Skipper by a Luxemburg investment fund.

Recommended Reading :

* Record breaking Easter boosts hopes for Summer Tourism bonanza in Spain

* Spain's Tourist regions to be hardest hit by Brexit

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.