INE: Foreigners Account For 82% Of Overnight Stays In 5-Star Hotels

29 August 2017 – El Economista

Foreigners who visited Spain in July registered more than 1.9 million overnight stays in five-star hotels, representing 82% of the total number of nights sold in the most luxurious category of hotel accommodation.

According to data extracted by Servimedia from the Tourist Hotel Environment Survey from the National Institute of Statistics (INE), five-star hotels recorded the highest percentage of clients from overseas, exceeding the average for hotel accommodation as a whole, where foreign clients accounted for 67.2% of all rooms, by 15 percentage points.

In fact, 6.5% of the overnight stays by foreigners in Spanish hotels were registered in five-star hotels, a percentage that more than doubles the 2.8% recorded by domestic clients in high-end establishments.

Meanwhile, four-star hotels registered more activity in Spain by both overseas and domestic tourists. The presence of foreign clients amounted to 69.3%, with 14.6 million overnight stays, compared to 6.4 million overnight stays by domestic visitors.

This figure of overnight stays in four-star hotels accounted for 49.7% of all stays registered by overseas tourists in the country, compared to a percentage of 45.2% in the case of domestic tourists.

If we add together the overnight stays registered in the two highest categories, we see that 56.3% of the foreigners that visited Spain in July slept in four and five-star hotels, whilst in the case of Spaniards, that percentage amounted to 48.1%.

After four star hotels, the accommodation most used by foreigners and by local tourists alike were three-star hotels, which hosted 33.2% of overseas tourists and 28.8% of domestic visitors.

Specifically, international tourists registered 9.7 million overnight stays in three-star hotels in July, accounting for 70.2% of the total in that category, compared to 4.1 million domestic overnight stays.

In the remaining categories, 1.4 million overnight stays or 4.7% of the total number of stays by foreigners were in two-star hotels; 0.4 million or 1.5% were in 1-star hotels; 0.5 million or 1.9% were in three- and two-star hostels; and 0.6 million or 2.1% in one-star hostels.

Of these four categories, domestic clients accounted for a higher percentage of total stays than foreigners in the lowest three, whilst overseas tourists accounted for 52.2% of overnight stays in two-star hotels. Specifically, domestic clients accounted for 54.3% of stays in one-star hotels, 58% in three- and two-star hostels and 50.7% in one-star hostels.

Original story: El Economista

Translation: Carmel Drake

Increase In Number Of Homes Promoted By Public Sector In 2015

11 May 2015 – El Economista

The construction of 170 homes, promoted by Public Administrations, was completed in Spain during January and February, which represented an increase of 24% with respect to the same period in 2014.

In this way, homes promoted by the public sector began 2015 on a positive note, whereby bringing an end to the negative trend experienced in recent years, according to data from the (Ministry of) Development, compiled by Servimedia.

In 2014, Public Administrations promoted 482 homes, down 27.8% from a year earlier and far below the 5,652 homes recorded in 2010.

In terms of the weight that the public sector has over the total number of finished homes, it accounted for 2.5% of the total (6,807 homes) during the first two months of the year.

Original story: El Economista

Translation: Carmel Drake

Housing Market Volume Rises To €32.516 Billion By September, Up 25%

29-12/2014 – Expansión

The Spanish non-subsidized housing market has risen to €32.5 billion between January and September 2014, a 25% increase over the same period last year (€25.99 billion).

The volume of non-subsidized housing has thus stayed on a positive trend until September after three consecutive years of decline, according to data of the Ministry of Public Works, collected by Servimedia.

The €32.5 billion correspond to 240,763 non-subsidized housing transactions that were made throughout the first nine months of the year – 22.6% more than a year earlier.
In particular, second-hand non-subsidized properties moved up to €27.249 billion (a 30.1% increase), whereas the volume corresponding to new housing units was much lower – €5.267 billion (up 4.1%).

Madrid was the region with the largest volume recorded in non-subsidized housing transactions over the first nine months of the year, with €6.234 billion, followed by Andalucía – €5.866 billion, Catalonia – €5.855 billion, and Valencia with €3.934 billion.

Down the list are the Basque Country – €1.588 billion, the Balearic Islands – €1.451 billion, the Canary Islands €1.418 billion, Castilla y León – €1.104 billion, Galicia – €1.018 billion), Castilla-La Mancha – €832.8 million, Murcia – €756.6 million, and Aragon – €708.4.

Meanwhile, the regions with the lowest non-subsidized housing transactions volume were Asturias €438.2 million, Navarra – €375.5, Cantabria – €353.5, Extremadura – €307, La Rioja – €180.8, and Ceuta and Melilla – €91.2, both together.

Original article: Expansión

Translation: Aura REE