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The Spanish Hotel Sector Woke Up During H1 2022 & Attracted 35% More Investment

A report from Gesvalt reveals that 68 operations were closed between June 2021 and June 2022 with 60% of the capital coming from foreign investors.

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Investing before the storm. The hotel sector was punished severely by the pandemic but has been enjoying its own sort of honeymoon during the first half of this year. According to a report by Gesvalt, investment in the sector increased by 35% during the second quarter of the year compared to the same period a year earlier, to reach 1.5 billion euros.

Likewise, the consultant also highlighted that, between June 2021 and June 2022, a total of 68 sales operations were closed, which resulted in the change of ownership of a total of 10,144 rooms.

Read the full article in Spanish.

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