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Hotel Sector Still Shows No Sign of Recovery

Hotel occupancy in Spain stood at 23% in the first three months of 2021, down 54% year-on-year, while revenues per available room fell 65%, according to Cushman & Wakefield.

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The Covid-19 crisis continues to take its toll on the Spanish hotel sector, despite being one of the strongest worldwide. Restrictions on domestic and international travel still weigh heavily on the industry.

STR and Cushman & Wakefield’s Hotel Sector Barometer in Spain confirms, through a series of indices, that tourism and hotel activity continues to show no signs of recovery. Hotel occupancy in Spain stood at just 23% during the first quarter of 2021, 54% less than in the same period last year. “The figure shows that the indicators are still not recovering, awaiting the lifting of mobility restrictions in the European Union in the coming months,” the consultancy firm explains.

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