Home Coronavirus Hotel Sector ...

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.

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.

Read the full article in Spanish

B-Exclusives

The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

El Corte Inglés Puts €400-Million in Logistics Centres Up for Sale

El Corte Inglés has commissioned BNP Paribas to find an investor to buy its portfolio of logistics centres where it has the goods it sells in its shops. The retail group will begin its disinvestment plan to reduce debt through the sale of logistics assets.

Pryconsa Bets on BTR with a 700-Home Portfolio in Madrid

The Colomer family owned the real estate company has told Brains.news that they are aiming to occupy an important position in the rental business, “just as we lead the market for new home sales.”

2021’s Leaders in Real Estate Investment in 2021, According to the Big Consultancy Firms

Experts from the consultancy firms EY, Knight Frank, JLL and KPMG have told Brainsre.news that there is plenty of liquidity in the real estate sector, but investors are waiting for further adjustments in many cases to asset prices.

Grupo Puma Acquires 30,000-m2 Plot of Land in the Dos Hermanas Business Park

The factory will eventually cover approximately 13,500 square metres, in a total investment of five million euros.