The investment in Spanish hotels during 2016 has been based on foreign interest. 1,317 million euros of the 2,614 dedicated to the hotel industry last year came from international investors. This means that six out of ten euros invested come from abroad. International investment has skyrocketed in this way and has almost doubled in a year from 838 million to 1,317.
National investment is maintained in percentage and volume. In the last year dedicated 782 million euros to the investment in hotels. This represents 36% of the total. A year earlier, the investment was similar -792 million and 30%. The remaining amount came from Socimis (real estate investment companies), which collapsed in 2016: they spent 85 million (4% of the total), when a year ago invested 984 million, which was 38%.
The money spent on hotel investment now reaches maximum levels. The figure recorded in 2016 is the second highest in the historical series, only behind the investment made in 2015: 2,614 million euros. Something that is explained by the progress experienced by the sector with more tourists coming to Spain each year and, moreover, with a higher expenditure per visitor.
The strong investment in the Spanish sector is due, in part, to the fall of the investment of 50% in the United Kingdom after the Brexit. A trend that is believed to last for 2017.
Madrid, the Canary Islands, Barcelona and the Balearic Islands are the four most attractive points for investors in the sector. Among the four received 67% of the total invested.
Specifically, the province of Madrid received 574 million investment in 2016, 26% of the total; Followed by Canary Islands, where they came to 377 million euros (17%). They are followed by the province of Barcelona, with an investment of 299 million euros (13%); And the Balearic Islands, with 247 million, representing 11% of the total.