Posts Tagged ‘tourism’

Barceló goes all out for Crestline Hotels

Barceló goes all out for Crestline Hotels

Barceló Hotel Group now has a 100% interest in Crestline Hotels & Resorts after acquiring AR Global’s 60 per cent share to add to its previous position of 40 per cent. From as early as 2002 Barceló held a 100 per cent share, but in 2013 AR Global took on 60 per cent of that holding. With this latest transaction, the situation has been reversed to return the entire operation…

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Hotels provide a barometer for economic growth

Hotels provide a barometer for economic growth

The hotel market is proving a strong indication of continued economic growth in Spain with Madrid leading the charge. Recently released figures for the first quarter of 2016 show that 2.2 billion euros was invested in property with the most sought after being retail, hotels and offices.

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Investment in Spanish hotels surges

Investment in Spanish hotels surges

Foreign investors have been aggressively investing in Spain’s hotel sector, keen to cash in on the positive trend in two key industries: real estate and tourism. Property investment is continuing the recovery begun in early 2014 and is on track to beat its pre-crisis peak. And it’s not just the residential sector that investors are targeting, but also commercial real estate in the big cities like Madrid and Barcelona, as now affordable assets go on the block.

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King Felipe VI encourages U.S. investment in Spain

King Felipe VI encourages U.S. investment in Spain

Last month, Felipe VI made his first official state visit to the United Sates as King. The four-day trip included a meeting in Washington with top businessmen organised by ICEX-Invest in Spain and the Economic and Commercial Office of the Spanish Embassy. The Monarch encouraged managing directors and presidents of a dozen North American multinationals with important interests in Spain to have confidence in the country’s economic recovery, innovation potential and investment possibilities.

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Tax incentives bring film tourism to Spain

Tax incentives bring film tourism to Spain

Tourism in the Andalusian city of Seville has risen by 25%, with many people citing the Game of Thrones season 5 filming as one of the key catalysts for the increase in tourists in the south. Spain’s already burgeoning tourism industry is expected to continue to grow thanks to tax incentives luring the Game of Thrones production crew back to Spain for its sixth series, along with Universal Pictures who…

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65% of firms in Spain set to hire this year

65% of firms in Spain set to hire this year

As Spain’s economy continues to recover and the labour market shows signs of improvement, local firms are set to increase their workforce in 2015, according to Adecco. The consultancy firm interviewed over 300 companies and human resources’ professionals last month, discovering that 65 percent of businesses plan to hire more staff. So good news for the country’s just over 4 million unemployed!

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Spanish Property Prices Continue to Rise

Spanish Property Prices Continue to Rise

Spain’s property market is continuing the recovery started mid-2014, as the uptick in prices consolidates and foreign buyers return to the scene. Resales seem to be the flavour of the month, according to data from the Property Registrar’s Association for the first quarter of 2015. Prices rose 2.65 percent in January-March from a year earlier, with residential home sales increasing 9.05 percent to 90,534 transactions.

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Spain Commercial Premises Investment Grows

Spain Commercial Premises Investment Grows

Investment in commercial premises in Spain rose to 1.33 billion euros in 2014, an increase of 330 million euros from a year earlier, fuelled by attractive rental yields and the positive economic outlook. Financial services providers like family offices and investment funds were the most active players in the market, according to a May report by property consultants Aguirre Newman. And as Spain’s economic recovery continues, boosting consumer demand, top domestic and international retailers have been jostling for positions in prime areas in capital cities like Madrid and Barcelona.

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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Spanish Housing Market Sees Yearly Rise

Spanish Housing Market Sees Yearly Rise

For the first time in four years, the sale and purchase of houses in Spain rose in 2014, reflecting the improved outlook for the real estate sector and for the economy as a whole. The number of operations increased by 2.2 percent to 318,389 last year, with second-hand property transactions the main driver behind the recovery. So is the country’s property sector downturn finally a thing of the past?

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