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Catalan hotels lost 40% of their income due to the crisis

Каталонские отели потеряли 40% доходов из-за кризиса

According to the Hotel Guild of Barcelona, the load has seriously decreased in the city hotels. La Vanguardia newspaper reports that the average yield per room fell by 13% in October.

"There are four and five-star hotels that lose 40%, more than a hundred hotels - 30%," said Jordi Clos, the Chairman of the Guild, as reported by "TASS". According to him, only a small percentage of enterprises completed a month with a positive result".

Clos also said that the state of affairs "went from bad to worse." There were cases of a strike by security officers at the international airport of Barcelona and even protests against the influx of tourists to Catalonia in summer. There was also a terrorist attack in the capital of the region in mid-August. "It blocks investments," said Clos. And he added that he does not expect major changes for the better in the coming months.

The Catalan crisis also affected business - more than 62% of trade enterprises in the region recorded a decline in sales in October this year. Almost a quarter of the Spaniards stopped buying products made in Catalonia.

Earlier we already wrote about the Catalan crisis and its consequences for investors.
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